Hackett Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hackett Group (NASDAQ:HCKT) Full Year 2024 Results

Key Financial Results

• Revenue: US$307.0m (up 5.4% from FY 2023).
• Net income: US$29.6m (down 13% from FY 2023).
• Profit margin: 9.7% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.08 (down from US$1.26 in FY 2023).

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

Hackett Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 18%.

The primary driver behind last 12 months revenue was the Global S&bt segment contributing a total revenue of US$171.1m (56% of total revenue). Notably, cost of sales worth US$183.8m amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$78.5m (84% of total expenses). Explore how HCKT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 1.9% 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've done some analysis and you can see our take on Hackett Group's balance sheet.

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