ICF International Earnings: Everything You Must Know Now

ICF International Inc. (NASDAQ:ICFI) 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.

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ICF International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.33% to $0.51 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Rose 2.75% to $233.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ICF International Inc. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $228.61 million.

Quoting Management: “The 14.3 percent year-over-year growth in our commercial client revenues and the increased contribution from our non-U.S. government clients enabled us to report higher first quarter revenues despite the uncertainty surrounding sequestration in the U.S. federal market and the uneven timing of certain state and local government projects,” said ICF Chairman and Chief Executive Officer Sudhakar Kesavan. “Our investments in business development activities across several commercial growth areas, including energy efficiency, aviation consulting, energy infrastructure, interactive data, and commercial health, in the aggregate, combined with our recognized expertise in the more resilient federal government areas, continue to favorably impact ICF’s performance. Revenues from our key markets—Energy, Environment, & Infrastructure, and Health, Social Programs, & Consumer/Financial—increased by 2.1 percent and 5.5 percent, respectively. These markets accounted for 87 percent of first quarter 2013 revenues.”

Key Stats (on next page)…

Revenue increased 0.83% from $231.98 million in the previous quarter. EPS increased 8.51% from $0.47 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.50 to a profit $0.51. For the current year, the average estimate has moved up from a profit of $2.01 to a profit of $2.05 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)