Economic consulting firm CRA International (NASDAQ: CRAI) will be reporting results this Thursday morning. Here’s what you need to know.
CRA beat analysts’ revenue expectations by 3.6% last quarter, reporting revenues of $186.9 million, up 9% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and full-year revenue guidance topping analysts’ expectations.
Is CRA a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting CRA’s revenue to grow 7% year on year to $179.4 million, slowing from the 13.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.80 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CRA has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 3.3% on average.
Looking at CRA’s peers in the business process outsourcing & consulting segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FTI Consulting delivered year-on-year revenue growth of 3.3%, beating analysts’ expectations by 1.2%, and Huron reported revenues up 16.7%, topping estimates by 2.3%. FTI Consulting traded up 1.3% following the results.
Read our full analysis of FTI Consulting’s results here and Huron’s results here.
Investors in the business process outsourcing & consulting segment have had steady hands going into earnings, with share prices flat over the last month. CRA is down 10.9% during the same time and is heading into earnings with an average analyst price target of $244 (compared to the current share price of $182.84).
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