Hackett Group Full Year 2023 Earnings: EPS Misses Expectations
Hackett Group (NASDAQ:HCKT) Full Year 2023 Results
Key Financial Results
Revenue: US$286.0m (down 1.3% from FY 2022).
Net income: US$34.2m (down 16% from FY 2022).
Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was primarily driven by lower revenue.
EPS: US$1.26 (down from US$1.30 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hackett Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 7.1% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Hackett Group's balance sheet and an in-depth analysis of the company's financial position.
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