In This Article:
HireQuest (NASDAQ:HQI) Full Year 2024 Results
Key Financial Results
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Revenue: US$34.6m (down 8.7% from FY 2023).
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Net income: US$3.93m (down 39% from FY 2023).
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Profit margin: 11% (down from 17% in FY 2023).
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EPS: US$0.28 (down from US$0.47 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HireQuest Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 14%.
In the last 12 months, the only revenue segment was Staffing & Outsourcing Services contributing US$34.6m. The largest operating expense was General & Administrative costs, amounting to US$21.4m (70% of total expenses). Explore how HQI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are down 7.4% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for HireQuest that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.