September 24, 2023

Regency Energy Partners LP (NYSE:RGP) – Earnings Outlook For Resources Connection

Resources Connection (NASDAQ:RGP) is set to give its latest quarterly earnings report on Wednesday, 2022-01-05. Here’s what investors need to know before the announcement.

Analysts estimate that Resources Connection will likely report an Earnings Per Share (EPS) of $0.33.

Resources Connection bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.18, which was followed by a 15.2% increase in the share price the next day.

Here’s a look at Resources Connection’s past performance and the resulting price change:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.25 0.2 -0.04 0.19
EPS Actual 0.43 0.8 0.14 0.21
Price Change % 15.2% 14.24% 2.71% -8.82%

eps graph

Stock Performance

Shares of Resources Connection were trading at $18.07 as of January 03. Over the last 52-week period, shares are up 37.48%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here

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