MHH Earnings Prediction
The chart below shows how MHH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MHH sees a +1.73% change in stock price 10 days leading up to the earnings, and a +2.69% change 10 days following the report. On the earnings day itself, the stock moves by +0.93%. This data can give you a slight idea of what to expect for the next quarter's release.
MHH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
51.84M
8.50%
4.65%
Gross Margin
28.49%
8.33%
0.96%
Operating Margin
4.70%
4800.00%
37.43%
Net Margin
3.62%
1292.31%
28.83%
EPS
0.16
1500.00%
33.33%
No Data Available
MHH Earnings Analysis
Mastech Digital, Inc. Corporation (MHH.A) Earnings Conference Call
Positive
Q3 Revenue Increase: Revenues for Q3 2024 totaled $51.8 million, compared to $47.8 million in the 2023 third quarter, representing an 8% year-over-year growth and a 5% sequential increase over the second quarter of 2024.
Data Analytics Revenue Increase: Our Data and Analytics Services segment reported revenues of $9.4 million in Q3 2024, compared to $8 million in the 2023 third quarter, marking a 17% year-over-year increase.
IT Staffing Revenue Growth: In our IT Staffing Services segment, revenues totaled $42.4 million, achieving year-over-year growth of 7% and growth of 4% when compared to the previous quarter.
Gross Profit Improvement: Consolidated gross profit dollars totaled $14.8 million in Q3 2024, exceeding the corresponding quarter of 2023 by $2.2 million, an 18% improvement.
Net Income Comparison Q3: GAAP net income for the third quarter of 2024 was $1.9 million or $0.16 per diluted share compared to $125,000 or $0.01 per diluted share in Q3 2023.
Negative
Q3 Revenue Performance: Revenue for Q3 2024 totaled $51.8 million, compared to $47.8 million in the 2023 third quarter, indicating a slower growth rate than expected.
Net Income Decline: GAAP net income for the third quarter of 2024 was $1.9 million or $0.16 per diluted share compared to $125,000 or $0.01 per diluted share in Q3 2023, reflecting a significant decline in profitability.
Non-GAAP Net Income Comparison: Non-GAAP net income for the third quarter of 2024 was $2.8 million or $0.23 per diluted share compared to $1.3 million or $0.11 per diluted share in the third quarter of 2023, showing a decrease in operational efficiency.
SG&A Expense Reduction: SG&A expenses as a percentage of revenues decreased to 23.8% compared to 26.4% in Q3 of 2023, indicating potential cost management issues despite revenue growth.
Operating Cash Flow Decline: The company reported a major decline in operating cash flows in the nine months of 2024 versus the nine months of 2023, highlighting liquidity concerns.
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MHH Earning Call Sentiment
Mastech Digital, Inc. (MHH) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MHH.A
1.55%Positive
The earnings call highlights strong financial performance, with record high revenue and gross margins, an optimistic future outlook, and improved economic conditions. Despite competitive pressures and macroeconomic risks, the company's growth in both business segments and operational improvements are encouraging. The Q&A section revealed management's cautious optimism, with no significant negative sentiment from analysts. Although no share repurchase plan was announced, the company's financial health and bullish outlook suggest a positive stock price movement in the short term.