Business advisory firm FTI Consulting (NYSE: FCN) will be reporting earnings this Thursday before market hours. Here’s what to expect.
FTI Consulting beat analysts’ revenue expectations last quarter, reporting revenues of $983.3 million, up 9.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EPS guidance in line with analysts’ estimates.
Is FTI Consulting a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting FTI Consulting’s revenue to grow 5.7% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. FTI Consulting has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at FTI Consulting’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Huron delivered year-on-year revenue growth of 15.4%, beating analysts’ expectations by 3.2%, and Concentrix reported revenues up 1.9%, in line with consensus estimates. Concentrix traded down 11.2% following the results.
Read our full analysis of Huron’s results here and Concentrix’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 5.1% on average over the last month. FTI Consulting is up 11.9% during the same time and is heading into earnings with an average analyst price target of $172 (compared to the current share price of $167.12).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
