NASDAQ$HCKT

The Hackett Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong financial results driven by the growth and contribution of their Global Strategy and Business Transformation group.

The Hackett Group reported third-quarter results with total revenue of $72.0 million and GAAP diluted earnings per share of $0.32. Adjusted diluted earnings per share was $0.37, exceeding the high end of their guidance. The company's Board of Directors approved an additional $120.0 million to its share repurchase plan and declared its fourth-quarter dividend of $0.11 per share.

  • Total revenue in the third quarter of 2022 was $72.0 million.
  • GAAP diluted earnings per share was $0.32 in the third quarter of 2022.
  • Adjusted diluted earnings per share was $0.37, exceeding the high end of our guidance.
  • The Company’s Board of Directors approved an additional $120.0 million to its share repurchase plan.

Headline financials

Total Revenue

$72M

Previous: $71.9M+0.2%
EPS (adj)

$0.37

Previous: $0.32+15.6%
Capital Expenditures

-$3.16M

Previous: -$2.26M-40.3%
Free Cash Flow

$7.2M

Previous: $5.88M+22.6%
Net Income

$10.4M

Previous: $8.13M+27.5%
Operating Income

$14M

Previous: $11.4M+23.1%
Gross Profit

$21.2M

Previous: $26.2M-19.1%
Cash & Equivalents

$67M

Previous: $52.9M+26.6%
Total Assets

$225M

Previous: $211M+6.3%
Stock-Based Comp

$2.51M

Previous: $2.57M-2.3%

Revenue & EPS history

Hackett · Revenue · Quarterly

$72M

Q3 2022+0.2%vs Q3 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

The Company estimates total revenue before reimbursements for the fourth quarter of 2022 will be in the range of $66.0 million to $68.0 million. The Company estimates adjusted diluted earnings per share for the fourth quarter of 2022 to be in the range of $0.33 and $0.35, assuming a GAAP effective tax rate of 28%.

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 Q3 2022

Historical avgQ3 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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