Trump announces trade deal with EU following months of negotiations
The Hackett Group , Inc. (NASDAQ:HCKT) stock has reached a new 52-week high, touching $32.84, demonstrating remarkable momentum with a 21.4% gain over the past six months. According to InvestingPro analysis, the company maintains strong financial health with a "GREAT" overall score, supported by robust profitability metrics. This peak represents a significant milestone for the firm, reflecting investor confidence and a bullish market sentiment towards HCKT’s business model and growth prospects. Over the past year, The Hackett Group has seen its stock value surge by 37.7%, supported by solid fundamentals including a 41.4% gross profit margin and a 15.9% return on assets. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US equities, to make more informed investment decisions.
In other recent news, The Hackett Group reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.47, compared to the forecasted $0.39. The company’s revenue reached $79.2 million, exceeding expectations by $5.35 million. Despite these positive financial results, The Hackett Group’s stock saw a slight decline of 1.01% in aftermarket trading. The company continues to focus on its GenAI solutions, which have been a significant driver of its revenue growth. Looking forward, The Hackett Group has provided guidance for the first quarter of 2025, with anticipated revenue between $75 million and $76.5 million and adjusted EPS projected at $0.39 to $0.41. The company expects growth in its GenAI segment but anticipates declines in its Oracle (NYSE:ORCL) and SAP segments. Additionally, analysts have noted the transformative potential of GenAI, as highlighted by CEO Ted Fernandez, and the company’s continued investment in AI initiatives.
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