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HireQuest, Inc. (HQI)
:HQI
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.12Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -6.86%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter for HireQuest, with declines in revenue and profitability metrics due to macroeconomic headwinds. However, the company is optimistic about its M&A pipeline and benefits from stricter immigration enforcement, with strong expense management contributing to profitability. Despite the negative financial results, strategic initiatives and franchise model resilience provide a positive outlook.Company Guidance
During the first quarter of 2025, HireQuest reported total revenue of $7.5 million, representing an 11.2% decrease compared to the previous year's first quarter revenue of $8.4 million. Franchise royalties, the company's primary revenue source, contributed $7 million, down from $7.8 million the prior year. Service revenue also decreased to $512,000 from $588,000. Despite these declines, the company maintained profitability with a net income of $1.4 million, or $0.10 per diluted share, compared to $1.6 million, or $0.12 per diluted share, in the same quarter of 2024. Adjusted net income was $1.8 million, or $0.13 per diluted share, down from $2 million, or $0.15 per diluted share. Adjusted EBITDA stood at $2.8 million, with an adjusted EBITDA margin of 37%, compared to 40% in 2024. The company highlighted successful cost management with a 6.5% reduction in SG&A expenses, totaling $5.3 million. Additionally, HireQuest's M&A pipeline remains robust, and the company is well-positioned to capitalize on acquisition opportunities, supported by a credit facility with $34.8 million available. The balance sheet reflects total assets of $93.7 million, including $2.1 million in cash and $42.2 million in net accounts receivable.Strong M&A Pipeline
HireQuest has a strong M&A pipeline and is encouraged by the many opportunities in the market, allowing for expansion into new geographic regions and market verticals more quickly than through organic growth.
Progress in Expense Management
The company reports consistent reductions in SG&A expenses on a year-over-year basis, supporting their expense management goals.
Benefit from Immigration Enforcement
More stringent immigration laws are increasing demand for HireQuest's services as an E-Verify employer, providing new business opportunities.
Successful CFO Transition Plan
David Hartley will succeed Steve Crane as CFO, bringing extensive financial experience and having been the main architect of over 15 acquisitions.
Positive Franchise Model Impact
Despite industry challenges, HireQuest maintains solid margins and profitability due to their franchise model, which positions them well for sustained long-term growth.
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HQI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HQI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $10.21 | $9.94 | -2.64% |
Mar 27, 2025 | $13.44 | $12.22 | -9.08% |
Nov 07, 2024 | $13.76 | $14.11 | +2.54% |
Aug 08, 2024 | $12.19 | $13.47 | +10.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HireQuest, Inc. (HQI) report earnings?
HireQuest, Inc. (HQI) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is HireQuest, Inc. (HQI) earnings time?
HireQuest, Inc. (HQI) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HQI EPS forecast?
HQI EPS forecast for the fiscal quarter 2025 (Q2) is 0.12.
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