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HireRight Holdings Third Quarter 2022 Earnings: EPS Beats Expectations

HireRight Holdings (NYSE:HRT) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$210.3m (up 2.6% from 3Q 2021).

  • Net income: US$93.3m (up by US$86.0m from 3Q 2021).

  • Profit margin: 44% (up from 3.6% in 3Q 2021). The increase in margin was primarily driven by lower expenses.

  • EPS: US$1.17 (up from US$0.13 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

HireRight Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 42% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for HireRight Holdings (2 are potentially serious!) that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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