FTI Consulting (NYS: FCN) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), FTI Consulting met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank.
Margins contracted across the board.
FTI Consulting notched revenue of $395.2 million. The eight analysts polled by S&P Capital IQ anticipated sales of $396.4 million on the same basis. GAAP reported sales were 9.2% higher than the prior-year quarter's $361.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.43. The nine earnings estimates compiled by S&P Capital IQ forecast $0.61 per share. GAAP EPS of $0.43 for Q1 were 10% lower than the prior-year quarter's $0.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.9%, 150 basis points worse than the prior-year quarter. Operating margin was 10.5%, 330 basis points worse than the prior-year quarter. Net margin was 4.7%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $414.3 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $1.65 billion. The average EPS estimate is $2.76.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 290 members out of 303 rating the stock outperform, and 13 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give FTI Consulting a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FTI Consulting is outperform, with an average price target of $45.56.
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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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