HireQuest's (NASDAQ:HQI) Soft Earnings Don't Show The Whole Picture [Yahoo! Finance]
HireQuest, Inc. (HQI)
Company Research
Source: Yahoo! Finance
However, we think the company is showing some signs that things are more promising than they seem. View our latest analysis for HireQuest In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. This ratio tells us how much of a company's profit is not backed by free cashflow. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the
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HQI
News
- HireQuest's (NASDAQ:HQI) investors will be pleased with their solid 119% return over the last five years [Yahoo! Finance]Yahoo! Finance
- HireQuest, Inc. (NASDAQ: HQI) had its price target raised by analysts at Barrington Research from $17.00 to $18.00. They now have an "outperform" rating on the stock.MarketBeat
- HireQuest, Inc. Declares Quarterly DividendAccesswire
- HireQuest, Inc. (NASDAQ:HQI) Shares Could Be 25% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- HireQuest Inc (HQI) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... [Yahoo! Finance]Yahoo! Finance
HQI
Earnings
- 11/7/24 - Miss
HQI
Analyst Actions
- 11/15/24 - Barrington Research
HQI
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- HQI's page on the SEC website