Loading...
•
Mar 31, 2023
Hackett Q1 2023 Earnings Report
Reported solid quarterly results despite increased economic headwinds, while continuing to increase investment in program development and sales resources.
Key Takeaways
The Hackett Group announced its financial results for the first quarter, which ended on March 31, 2023. Total revenue was $71.2 million, and GAAP diluted earnings per share was $0.30. Adjusted diluted earnings per share, a non-GAAP measure, was $0.37.
Total revenue in the first quarter of 2023 was $71.2 million.
Revenue before reimbursements was $69.8 million, in line with guidance.
GAAP diluted earnings per share was $0.30 in the first quarter of 2023.
Adjusted diluted earnings per share was $0.37, also in line with guidance.
Forward Guidance
The Company estimates total revenue before reimbursements for the second quarter of 2023 will be in the range of $72.5 million to $74.0 million. The Company estimates adjusted diluted earnings per share for the second quarter of 2023 to be in the range of $0.36 and $0.39, assuming a GAAP effective tax rate of 27%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...