ICF International Earnings: Here’s Why Shares are Up Now

ICF International Inc. (NASDAQ:ICFI) delivered a profit and met 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 1.65%.

ICF International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0% to $0.52 in the quarter versus EPS of $0.52 in the year-earlier quarter.

Revenue: Rose 0.98% to $242 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ICF International Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.52. It beat the average revenue estimate of $237.23 million.

Quoting Management: “Second quarter results were similar to those of the first quarter, reflecting the continued growth of our commercial business, which was driven by a 21.3 percent increase in energy efficiency revenues, and the improved traction of our non-U.S. government business. At the same time, U.S. Federal Government revenues remained stable compared to last year, which we consider to be solid performance in light of current market conditions. Earnings per diluted share were the same as the prior year’s second quarter, inclusive of acquisition expenses, although operating income was lower due primarily to higher subcontractor activity on government contracts,” said ICF Chairman and Chief Executive Officer Sudhakar Kesavan.

Key Stats (on next page)…

Revenue increased 3.45% from $233.92 million in the previous quarter. EPS increased 1.96% from $0.51 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.54 to a profit $0.53. For the current year, the average estimate has moved up from a profit of $2.05 to a profit of $2.07 over the last ninety days.

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