Navigant Consulting Earnings: Here’s Why Investors are Happy Now

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 3%.

Navigant Consulting Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 47.62% to $0.31 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 4.15% to $213.09 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Navigant Consulting Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $207.25 million.

Quoting Management: “We realized growth in revenues and a significant increase in profitability while making additional progress on our long-term strategic objectives in the period,” commented Julie Howard, Chief Executive Officer. “Healthcare and Energy, which represent higher growth markets, performed well, and the Financial, Risk & Compliance segment exceeded our expectations on the strength of the diversity of our offerings and our ability to quickly identify and transition resources to new work. Moving forward, we will continue to pursue opportunities that solidify Navigant’s leadership in the financial services, healthcare, and energy sectors while optimizing our portfolio for sustainable, profitable growth.”

Key Stats (on next page)…

Revenue decreased 0.78% from $214.77 million in the previous quarter. EPS increased 14.81% from $0.27 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 $0.25 and has not changed. For the current year, the average estimate has moved down from a profit of $1.05 to a profit of $1.04 over the last ninety days.

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