HackettNASDAQ: HCKT

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), released their first Digital World Class Matrix™ focusing on MPHRO vendors – a market undergoing unprecedented transformation. As chief HR officers (CHROs) increasingly grapple with challenges like insufficient budgets, data management inconsistencies and the shortage of experienced talent, more and more are looking to MPHRO for support. Three factors are driving value from MPHRO vendors: increased innovation and adoption of digita.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Hackett Group (HCKT) is well positioned to outperform the market, as it exhibits above-average growth in financials.

The Hackett Group, Inc. (HCKT) Q4 2023 Earnings Call Transcript

Hackett's revenue has grown at a CAGR of 4%, owing to positive industry tailwinds being partially offset by high competition. The company has achieved an impressive improvement in margins, owing to a repositioning strategy to focus on recurring revenue / high-margin services. We believe margin improvement is sustainable, although it is not clear if revenue growth will improve, given that economic weakness is weighing on the company.

The Hackett Group, Inc. provides strategic advisory and technology consulting services to enterprises worldwide. The company is experiencing slower revenue growth, and clients may delay discretionary spending due to macroeconomic uncertainty and rising interest rates. The Hackett Group appears to be fully valued, so I remain Neutral [Hold].

The Hackett Group, Inc. (NASDAQ:HCKT ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman & Chief Executive Officer Conference Call Participants Jeff Martin - ROTH MKM Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Second Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.

Hackett Group (HCKT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.38 per share a year ago.

The Hackett Group, Inc. reported its Q1 2023 financial results on May 9, 2023. The firm provides a range of consulting and related services to companies worldwide. The Hackett Group is increasing its IP services investments as a lever to upsell its consulting service offerings.