Navigant Consulting Inc. (NYSE:NCI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.50%.
Navigant Consulting Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.39% to $0.27 in the quarter versus EPS of $0.23 in the year-earlier quarter.
Revenue: Rose 3.94% to $214.77 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Navigant Consulting Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $210.68 million.
Quoting Management: “Our market strategy continues to differentiate Navigant as our experts are sought after to simplify and solve critical challenges and address the transformational changes shaping the Energy, Financial Services and Healthcare sectors. As we continue to invest in and capitalize on these market opportunities, we deliver consistent cash flow to reduce debt, repurchase shares and grow the Company” commented Julie Howard, Chief Executive Officer. “Our first quarter results reflect our strong market position and our increased efforts to deliver enhanced profit contribution. We modestly improved our RBR performance against a very strong first quarter last year, while markedly increasing Adjusted EBITDA, Adjusted EBITDA margin and Adjusted EPS.”
Key Stats (on next page)…