During macroeconomic turmoil staffing and human resource companies normally practice layoffs and cost-cutting. In the upcoming earnings report Staffing 360 (NASDAQ: STAF) might have done them or may reveal to apply them this year.
As interest rates rose recently businesses are surely going to stop hiring new employees. So we shall not be expecting good business news this year.
However, Staffing 360 may beat expected earnings in the upcoming report but will likely fail to even meet the planned financial goals. So tomorrow stay alert to its Q1 2022 earnings report. It will surely affect the stock price. Perhaps the $1 mark could be around the corner.