HireQuest Q2 2024 Results: Beat Expectations

HireQuest (NASDAQ:HQI) Q2 2024 Results

Key Financial Results

• Revenue: $8.68 million (down 3.4% compared to Q2 2023).

• Net income: $2.08 million (up 1.1% compared to Q2 2023).

• Profit margin: 24% (up from 23% in Q2 2023).

• Earnings per share: $0.15 (Q2 2023-based).

All numbers shown in the chart above are for the last 12 months (TTM)

HireQuest Revenues and Earnings Beat Expectations

Revenue beat analyst estimates by 2.1%. Earnings per share (EPS) also beat analyst estimates by 20%.

Revenues are forecast to grow at an average annual rate of 4.8% over the next three years, while the U.S. professional services industry is forecast to grow at 6.1%.

Efficiency American professional services sector.

The company’s shares are up 13% from the previous week.

Risk analysis

Don’t forget that there may still be risks. For example, we have identified 3 Warning Signs for HireQuest that you should know about.

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