Overview
DHI Group Q3 revenue down 9% yr/yr but beats analyst expectations
Adjusted EPS for Q3 beats consensus, rising to $0.09 from $0.05
Company raises full-year profitability guidance, maintains revenue target
Outlook
DHI Group raises full-year Adjusted EBITDA margin guidance to 27%
Company reaffirms full-year revenue guidance of $126 mln to $128 mln
Fourth-quarter revenue expected between $29.5 mln and $31.5 mln
Result Drivers
CLEARANCEJOBS PERFORMANCE - ClearanceJobs revenue increased 1% despite government uncertainty, highlighting its strong market position, per CEO Art Zeile
DICE PROFITABILITY - Dice improved profitability by streamlining operations and transitioning customers to a new platform, according to CEO Art Zeile
IMPAIRMENT IMPACT - Net loss driven by $9.6 mln impairment of intangible assets
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $32.12 mln | $31.20 mln (3 Analysts) |
Q3 Adjusted EPS | Beat | $0.09 | $0.05 (3 Analysts) |
Q3 EPS | -$0.10 | ||
Q3 Net Income | -$4.27 mln | ||
Q3 Adjusted EBITDA | $10.30 mln | ||
Q3 Adjusted EBITDA Margin | 32.00% | ||
Q3 Operating income | -$4.49 mln | ||
Q3 Pretax Profit | -$5.04 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for DHI Group Inc is $4.38, about 60% above its November 7 closing price of $1.75
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nBwhVfp5a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)