The stock of CRA International, Inc., which conducts business as Charles River Associates (CRAI - Free Report) , has gained 5.3% in the past three months against the 3.2% decline of the industry it belongs to. The company is currently benefiting from a strong global presence, business diversification and an excellent professional team.
Let’s take a look at the factors that make the stock an attractive pick.
Solid Rank: Charles River currently carries a Zacks Rank #1 (Strong Buy). Our research shows that stocks with Zacks Rank #1 or 2 (Buy) offer attractive investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions: Two estimates for 2022 moved north in the past 60 days versus no southward revision, reflecting analysts’ confidence in the company. The Zacks Consensus Estimate for CRAI’s 2022 earnings has moved up 3.8% in the past 60 days.
Positive Earnings Surprise History: Charles Riverhas an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in all of the trailing four quarters, delivering an earnings surprise of 26%, on average.
Driving Factors: Charles River has a diversified business portfolio with service offerings across areas of functional expertise, client base and regions. Proficiency in multiple industries helps the company meet varying client needs and offer other innovative services. Further, the company gets to know about business strategies adopted worldwide. This multidisciplinary setup enables it to bring experts from all fields under one platform.
The company operates through a global network of coordinated offices spread across North America and Europe. The company’s international presence allows it to work with the world’s leading professionals on multiple issues. This helps the company enhance its knowledge base and areas of functional expertise.
In 2021, 2020 and 2019, the company repurchased shares worth $44.9 million, $13.4 million and $18.1 million, respectively. It paid $8.29 million, $7.50 million and $6.54 million in dividends during 2021, 2020 and 2019, respectively. Such moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
Zacks Rank and Other Stocks to Consider
A couple of other stocks in the broader Zacks Business Services sector that investors can also consider are Avis Budget Group, Inc. (CAR - Free Report) and Genpact Limited (G - Free Report) .
Avis Budget currently sports a Zacks Rank #1. CAR has an earnings growth rate of 108.4% for 2022.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
Genpact carries a Zacks Rank #2 at present. G has a long-term earnings growth expectation of 12.1%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
The stock of CRA International, Inc., which conducts business as Charles River Associates (CRAI - Free Report) , has gained 5.3% in the past three months against the 3.2% decline of the industry it belongs to. The company is currently benefiting from a strong global presence, business diversification and an excellent professional team.
Let’s take a look at the factors that make the stock an attractive pick.
Solid Rank: Charles River currently carries a Zacks Rank #1 (Strong Buy). Our research shows that stocks with Zacks Rank #1 or 2 (Buy) offer attractive investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions: Two estimates for 2022 moved north in the past 60 days versus no southward revision, reflecting analysts’ confidence in the company. The Zacks Consensus Estimate for CRAI’s 2022 earnings has moved up 3.8% in the past 60 days.
Positive Earnings Surprise History: Charles Riverhas an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in all of the trailing four quarters, delivering an earnings surprise of 26%, on average.
Driving Factors: Charles River has a diversified business portfolio with service offerings across areas of functional expertise, client base and regions. Proficiency in multiple industries helps the company meet varying client needs and offer other innovative services. Further, the company gets to know about business strategies adopted worldwide. This multidisciplinary setup enables it to bring experts from all fields under one platform.
The company operates through a global network of coordinated offices spread across North America and Europe. The company’s international presence allows it to work with the world’s leading professionals on multiple issues. This helps the company enhance its knowledge base and areas of functional expertise.
In 2021, 2020 and 2019, the company repurchased shares worth $44.9 million, $13.4 million and $18.1 million, respectively. It paid $8.29 million, $7.50 million and $6.54 million in dividends during 2021, 2020 and 2019, respectively. Such moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
Zacks Rank and Other Stocks to Consider
A couple of other stocks in the broader Zacks Business Services sector that investors can also consider are Avis Budget Group, Inc. (CAR - Free Report) and Genpact Limited (G - Free Report) .
Avis Budget currently sports a Zacks Rank #1. CAR has an earnings growth rate of 108.4% for 2022.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
Genpact carries a Zacks Rank #2 at present. G has a long-term earnings growth expectation of 12.1%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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