
HireQuest Inc (HQI) Stock Forecast & Price Target
HireQuest Inc (HQI) Analyst Ratings
Bulls say
HireQuest Inc. has demonstrated strong financial performance, with Q3 2024 adjusted EBITDA increasing 32% year-over-year to $4.9 million, surpassing estimates and reaching the highest quarterly adjusted EBITDA since Q3 2022. The company's system-wide sales have significantly expanded from $190 million in 2018 to $605 million in 2023, reflecting the effectiveness of its mergers and acquisitions strategy as well as solid organic growth. Additionally, the recent 3.6% year-over-year growth in system-wide sales for its temporary staffing brands in Q3 2024 marks a positive turnaround for this segment, indicating a recovering demand in the staffing industry.
Bears say
HireQuest Inc. experienced a decline in system-wide sales, which fell by 1.7% year-over-year in Q3/24 to $148.6 million, though this was an improvement from earlier quarters' performance. The staffing market has faced persistent softer demand, with a notable 14.5% year-over-year decline in system-wide sales from executive search and permanent placement services, indicative of broader industry trends. Additionally, the company reported a GAAP net loss per share of ($0.16) in Q3/24, primarily due to a non-cash impairment charge linked to ongoing revenue challenges in the executive search market, further emphasizing the financial pressures the company is facing.
This aggregate rating is based on analysts' research of HireQuest Inc and is not a guaranteed prediction by Public.com or investment advice.
HireQuest Inc (HQI) Analyst Forecast & Price Prediction
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