Resources Connection reported an 8.9% rise in first quarter revenue to $143.4 million over the same period the previous year, ahead of analysts $140.5 million estimates.
The company also reported earnings of 14 cents per diluted share, 5 cents better than they reported last year and 1 cent better than analysts were expecting this year.
TheStreet Ratings team rates RESOURCES CONNECTION INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate RESOURCES CONNECTION INC (RECN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
You can view the full analysis from the report here: RECN Ratings Report