FTI Consulting, Inc. (NYSE:FCN) 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.
FTI Consulting, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 37.21% to $0.59 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Rose 3.03% to $407.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: FTI Consulting, Inc. reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.50. It beat the average revenue estimate of $400.9 million.
Quoting Management: Jack Dunn, FTI Consulting President and Chief Executive Officer said, “Once again our results for the first quarter were led by the excellent performance of our market-leading Economic Consulting group. We also enjoyed the contributions from two small Corporate Finance/Restructuring acquisitions in Asia Pacific and in telecommunications, media and technology respectively, and began to see results from our efforts to cut costs in SG&A.”
Key Stats (on next page)…
Revenue increased 1.97% from $399.35 million in the previous quarter. EPS decreased 11.94% from $0.67 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.63 and has not changed. For the current year, the average estimate has moved down from a profit of $2.51 to a profit of $2.49 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)