PRGX Global (PRGX) Tops Q4 EPS by 2c

PRGX Global (NASDAQ: PRGX) reported Q4 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $49.6 million versus the consensus estimate of $52.4 million.

“2018 was another strong year for PRGX. We delivered growth in revenue and Adjusted EBITDA for the third year in a row, while growing our sales pipeline, enhancing our technology platform, expanding our go-to-market team and significantly increasing our contract compliance and UK audit teams. Further, our fourth quarter revenue reached the highest level in five years. I was especially pleased with the continued progress in our Adjacent Services segment,” said Ron Stewart, president and chief executive officer.

“Looking ahead, we have great confidence in our growth trajectory for the coming year. We enter 2019 with expected incremental revenue from engagements signed in 2018, several early wins in 2019, and a robust pipeline of additional new business opportunities. Based on our strong momentum, we are projecting 2019 year-over-year revenue growth in the range of 8% to 10% and Adjusted EBITDA growth in the range of 14% to 18%,” concluded Stewart.

For earnings history and earnings-related data on PRGX Global (PRGX) click here.

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