NASDAQ$HCKT

The Hackett Group Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported solid operating results exceeding guidance and continued investment in program development and sales resources.

The Hackett Group reported Q4 2023 financial results with total revenue of $72.4 million and adjusted diluted earnings per share of $0.39, exceeding the high end of their guidance. The company's cash balances were $21.0 million, and they paid down $11.0 million of their debt balance during the quarter.

  • Total revenue reached $72.4 million, exceeding the high end of guidance.
  • GAAP diluted earnings per share was $0.28, including a one-time legal settlement and related costs.
  • Adjusted diluted earnings per share was $0.39, also exceeding the high end of guidance.
  • Cash flow from operations was $25.6 million.

Headline financials

Total Revenue

$72.4M

Previous: $70.1M+3.3%
EPS (adj)

$0.39

Previous: $0.36+8.3%
Cash from Operations

$25.6M

No prior period
Depreciation

$894K

No prior period
Capital Expenditures

$898K

No prior period
Remaining Plan Authorization

$13.9M

No prior period
Net Income

$7.85M

Previous: $9.72M-19.2%
Operating Income

$11.5M

Previous: $13.6M-15.8%
Gross Profit

$29.3M

Previous: $29.6M-1.2%
Stock-Based Comp

$2.79M

Previous: $2.44M+14.6%

Revenue & EPS history

Hackett · Revenue · Quarterly

$72.4M

Q4 2023+3.3%vs Q4 2022
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

The Company estimates total revenue before reimbursements for the first quarter of 2024 will be in the range of $72.5 million to $74.0 million. The Company estimates adjusted diluted earnings per share for the first quarter of 2024 to be in the range of $0.36 and $0.39, assuming a GAAP effective tax rate of 22%.

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 Q4 2023

Historical avgQ4 2023

+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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