NASDAQ$RGP
Resources Connection Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Revenue improved sequentially and cost efficiencies were achieved.
Resources Connection, Inc. reported a sequential revenue increase of 4.0% compared to the previous quarter, with revenue reaching $153.2 million. However, the company experienced a net loss of $1.0 million due to restructuring costs and a high effective tax rate.
- Revenue increased by 4.0% sequentially, reaching $153.2 million.
- Net loss was $1.0 million, impacted by restructuring costs.
- Adjusted diluted earnings per common share were $0.21.
- Adjusted EBITDA margin was 8.1%.
Headline financials
Revenue & EPS history
Resources Connection · Revenue · Quarterly
$153M
Forward guidance
Company expects to continue to improve financial performance on the top and bottom line through the second half of the year if the economy rebounds.
Tailwinds
- Company is pleased by the revenue improvement
- Company experienced a meaningful decline in SG&A costs from the prior year quarter
- Company have learned to work more efficiently than ever as a virtual, borderless and flexible enterprise.
- Company look forward to continuing to improve financial performance on the top and bottom line through the second half of the year if the economy rebounds
- The Company’s pipeline has continued to strengthen since the beginning of fiscal 2021, positioning the business to capitalize on a potential economic recovery
Headwinds
- Macro environment is relatively lethargic due to the continued impact from COVID
- Gross margin decreased due to a decrease in bill/pay spread, more holidays and unfavorable healthcare costs
- Net loss was due to overall lower operating results including the impact of the restructuring costs
- Tax provision was primarily associated with pre-tax income from regions outside of Europe
- Significant required valuation allowances on tax benefits related to these net operating losses
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 2021
-2.0%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-2.1%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+17.6%
Q1 2022
Best reaction
-19.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +0.5% | +7.1% | +26.4% | |
| Q2 2026 | -14.6% | +3.8% | -2.9% | |
| Q1 2026 | -4.2% | -14.1% | -9.7% | |
| Q4 2025 | +0.0% | -1.3% | -12.1% | |
| Q3 2025 | -19.8% | -23.1% | -12.2% | |
| Q2 2025 | +6.4% | +4.0% | -1.5% | |
| Q1 2025 | -13.9% | -13.7% | -17.0% | |
| Q4 2024 | +2.1% | +0.6% | -7.2% | |
| Q3 2024 | -9.9% | -5.2% | -11.3% | |
| Q2 2024 | -4.4% | -6.7% | -4.7% | |
| Q1 2024 | -7.1% | -2.8% | -4.3% | |
| Q4 2023 | +4.8% | -0.8% | -3.5% | |
| Q3 2023 | -10.5% | -8.1% | -16.4% | |
| Q2 2023 | -16.8% | -8.1% | -2.4% | |
| Q1 2023 | -13.6% | -12.9% | -3.7% | |
| Q4 2022 | +4.7% | +6.8% | -0.1% | |
| Q3 2022 | +5.7% | +4.0% | -1.1% | |
| Q2 2022 | +8.0% | +2.0% | -4.4% | |
| Q1 2022 | +17.6% | +9.5% | +14.1% | |
| Q4 2021 | +15.3% | +19.5% | +18.4% | |
| Q3 2021 | +1.7% | +2.5% | +8.8% | |
| Q2 2021 | -3.8% | -6.3% | -0.9% | |
| Q1 2021 | -1.1% | +3.0% | -6.5% | |
| Q4 2020 | -9.0% | -5.7% | +5.4% | |
| Q3 2020 | -5.6% | -0.2% | +4.6% | |
| Q2 2020 | +6.6% | +1.0% | -6.7% | |
| Q1 2020 | -10.8% | -15.5% | -11.6% | |
| Q4 2019 | +1.8% | +2.8% | +3.8% | |
| Q3 2019 | -11.7% | -5.6% | +0.1% | |
| Q2 2019 | +13.1% | +15.0% | +19.5% | |
| Q1 2019 | +15.0% | +11.1% | -0.7% | |
| Q4 2018 | -17.0% | -11.4% | -6.4% | |
| Q3 2018 | -0.3% | -2.2% | -1.3% | |
| Q2 2018 | -0.3% | +5.4% | +3.8% | |
| Q1 2018 | +5.6% | +4.2% | +10.9% | |
| Q4 2017 | -6.5% | -8.6% | -16.2% | |
| Q3 2017 | -16.3% | -17.5% | -17.2% | |
| Q2 2017 | -11.6% | -12.9% | -14.4% | |
| Q1 2017 | -11.4% | -10.4% | -1.2% | |
| Q4 2016 | -3.9% | -3.8% | -2.5% | |
| Q3 2016 | -11.9% | — | — | |
| Q2 2016 | -14.2% | — | — | |
| Q1 2016 | +6.6% | — | — | |
| Q4 2015 | -5.1% | — | — | |
| Q3 2015 | -6.0% | — | — | |
| Q2 2015 | +7.7% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +14.5% | — | — | |
| Q3 2014 | -3.6% | — | — | |
| Q2 2014 | +4.0% | — | — | |
| Q1 2014 | -10.8% | — | — | |
| Q4 2013 | -4.4% | — | — | |
| Q3 2013 | -5.2% | — | — | |
| Q2 2013 | -7.8% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q3 2012 | -2.8% | — | — | |
| Q2 2012 | -5.9% | — | — | |
| Q1 2012 | +6.1% | — | — | |
| Q4 2009 | +1.5% | — | — | |
| Q4 2011 | +1.5% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q3 2010 | -1.8% | — | — | |
| Q2 2011 | +11.9% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q1 2011 | +1.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro