NASDAQ$HCKT

The Hackett Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

The Hackett Group announced second quarter results, with revenue exceeding guidance and driven by the growth and margin expansion of their Strategy and Business Transformation group.

The Hackett Group reported a 4% increase in total revenue, reaching $75.9 million, and GAAP diluted earnings per share of $0.32 for the second quarter of 2022. Adjusted diluted earnings per share was $0.38, exceeding the high end of guidance. The company also signed a significant multi-year IP as-a-Service contract.

  • Total revenue increased by 4% to $75.9 million compared to Q2 2021.
  • Revenue before reimbursements increased by 2% to $74.8 million compared to Q2 2021.
  • GAAP diluted earnings per share was $0.32, consistent with Q2 2021.
  • Adjusted diluted earnings per share was $0.38, compared to $0.39 in Q2 2021, or $0.30 excluding a software sale transaction.

Headline financials

Total Revenue

$75.9M

Previous: $73.2M+3.7%
EPS (adj)

$0.38

Previous: $0.39-2.6%
Capital Expenditures

-$2.27M

Previous: -$1.42M-60.0%
Free Cash Flow

$7.95M

Previous: $9.12M-12.8%
Net Income

$10.2M

Previous: $10.5M-3.0%
Operating Income

$14.2M

Previous: $14.2M-0.3%
Gross Profit

$30.1M

Previous: $29.8M+1.0%
Cash & Equivalents

$61.7M

Previous: $52.5M+17.6%
Total Assets

$218M

Previous: $209M+4.4%
Stock-Based Comp

$2.72M

Previous: -$4.5M+160.4%

Revenue & EPS history

Hackett · Revenue · Quarterly

$75.9M

Q2 2022+3.7%vs Q2 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

The Company estimates total revenue before reimbursements for the third quarter of 2022 will be in the range of $70.5 million to $72.5 million. The Company estimates adjusted diluted earnings per share for the third quarter of 2022 to be in the range of $0.34 and $0.36.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.8%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+18.6%

Q3 2014

Best reaction

-29.0%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-29.0%-25.3%-21.5%
Q4 2025+10.0%-6.1%-4.7%
Q3 2025+7.1%+4.4%+10.0%
Q1 2025-8.0%-1.6%-3.9%
Q4 2024-2.7%-4.5%-9.8%
Q3 2024+18.2%+28.2%+32.5%
Q2 2024+2.1%+0.9%+1.8%
Q1 2024-3.4%-1.9%-0.6%
Q4 2023+7.2%+4.5%+4.5%
Q3 2023-7.9%-7.1%-3.6%
Q2 2023+0.9%+2.5%+3.4%
Q1 2023-0.9%+0.6%+11.0%
Q4 2022-14.5%-14.1%-19.8%
Q3 2022+3.1%+5.0%+8.8%
Q2 2022+2.1%+3.2%-8.8%
Q1 2022-10.1%-10.9%-16.1%
Q4 2021+5.3%+7.3%+16.2%
Q3 2021+1.4%+1.6%-3.7%
Q2 2021+2.5%+5.8%+16.2%
Q1 2021+1.8%+2.8%+5.1%
Q4 2020+11.3%+5.8%+9.7%
Q3 2020+12.8%+12.2%+12.2%
Q2 2020-2.0%-1.0%-10.4%
Q1 2020-14.9%-6.3%-4.0%
Q4 2019+15.0%+9.5%-31.6%
Q3 2019-12.7%-12.5%-13.0%
Q2 2019+2.8%+1.9%+2.8%
Q1 2019+4.8%+2.7%+2.5%
Q4 2018-13.2%-14.4%-15.2%
Q3 2018-11.1%-16.1%-23.7%
Q2 2018+6.0%+4.4%+8.2%
Q1 2018-4.4%-2.8%-0.6%
Q4 2017+12.9%+12.6%+4.7%
Q3 2017-0.5%+2.3%+6.6%
Q2 2017-12.8%-15.9%-13.5%
Q1 2017-21.0%-22.7%-24.4%
Q4 2016+18.3%+20.3%+14.1%
Q3 2016-4.5%+4.2%+11.9%
Q2 2016+14.0%+10.3%+15.6%
Q1 2016-11.1%
Q4 2015-2.7%
Q3 2015+15.8%
Q2 2015+14.7%
Q1 2015+15.6%
Q4 2014+14.6%
Q3 2014+18.6%
Q2 2014+1.4%
Q1 2014+1.9%
Q4 2013-0.2%
Q3 2013-10.0%
Q2 2013+14.2%
Q1 2013+0.8%
Q4 2012-7.3%
Q3 2012+5.1%
Q2 2012-19.1%
Q1 2011-9.2%
Q1 2012+12.8%
Q1 2010-2.4%
Q4 2011-2.4%
Q3 2011-3.1%
Q3 2010-3.1%
Q2 2011-8.2%
Q2 2010-8.2%
Q4 2010-8.2%

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