NASDAQ$RGP
Resources Connection Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Resources Connection reported third quarter results, impacted by extra holidays and COVID-19.
Resources Connection's third quarter revenue was $168.1 million, a decrease of 6.4% year-over-year. Net income was $6.9 million, compared to $5.8 million in the prior year quarter. Diluted earnings per share was $0.21, compared to $0.18 in the prior year quarter.
- Third quarter revenue and gross margin both reflect as-expected holiday impact and impact from COVID-19
- Revenue of $168.1 million, down 6.4% from prior year quarter, impacted by extra holidays and COVID-19 in Asia Pacific
- Gross margin percentage of 36.5%, a decrease of 130 basis points from prior year quarter
- Net income of $6.9 million, compared to $5.8 million in prior year quarter; includes $6.6 million of U.S. tax benefit
Headline financials
Revenue & EPS history
Resources Connection · Revenue · Quarterly
$168M
Forward guidance
Management expects the COVID-19 pandemic to have an adverse impact on our operating results in the fourth quarter of fiscal 2020 and continues to assess the financial impact for the upcoming fiscal year.
Headwinds
- COVID-19 is expected to have an adverse impact on operating results in Q4 2020.
- Significant uncertainty as to the likely effects of this pandemic
- May reduce demand for services
- May delay client decisions to procure services
- Pandemic is still developing globally, including in the U.S.
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 2020
-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% | — | — |
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