JOB Earnings Prediction
The chart below shows how JOB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JOB sees a +6.70% change in stock price 10 days leading up to the earnings, and a -0.05% change 10 days following the report. On the earnings day itself, the stock moves by +1.50%. This data can give you a slight idea of what to expect for the next quarter's release.
JOB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
29.46M
-22.83%
5.01%
Gross Margin
29.88%
-11.15%
5.14%
Operating Margin
-4.60%
-259.17%
-18.44%
Net Margin
-65.47%
-417.35%
1723.68%
EPS
-0.18
-357.14%
1700.00%
No Data Available
JOB Earnings Analysis
GEE Group Inc. Corporation (JOB.A) Earnings Conference Call
Positive
- Achieved a 5% increase in revenues for the quarter compared to the prior sequential quarter, showing potential growth in a challenging economic environment.
- Reduced SG&A expenses by 13% for the quarter, demonstrating cost management efforts and efficiency improvements.
- Maintained a strong liquidity position with $19.6 million in cash, an undrawn ABL credit facility of $8.7 million, and no outstanding debt.
- Implemented actions to streamline operations and eliminate $3 million in annual SG&A costs, indicating a proactive approach to improving financial results.
- Positioned to accelerate future accretive acquisitions more efficiently by migrating and integrating legacy systems onto singular cloud-based platforms.
Negative
- Difficult and challenging conditions in the hiring environment for staffing services due to macroeconomic uncertainty, interest rate volatility, and inflation leading to a decrease in demand for services.
- Consolidated revenues were down 23% for the quarter and 25% year-to-date compared to the prior year periods. Gross profit and margin were also significantly lower.
- Reported a net loss of $19.3 million for the quarter and $21.8 million year-to-date, attributed to non-cash impairment charges and declines in orders and revenues.
- Professional and industrial contract staffing services revenues decreased by 21% for the quarter and 22% year-to-date, with direct hire revenues down by 37% for the quarter and 44% year-to-date.
- Gross margins decreased due to the decline in direct hire revenue and spread compression in contract services businesses, impacting overall profitability.
