For the quarter ended September 2023, FTI Consulting (FCN - Free Report) reported revenue of $893.26 million, up 15.1% over the same period last year. EPS came in at $2.34, compared to $2.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $847.55 million, representing a surprise of +5.39%. The company delivered an EPS surprise of +27.17%, with the consensus EPS estimate being $1.84.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how FTI Consulting performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total revenue - generating professionals: 6,478 versus the three-analyst average estimate of 6,544.
- Number of revenue - generating professionals - Corporate Finance & Restructuring: 2,251 compared to the 2,123 average estimate based on two analysts.
- Number of revenue - generating professionals - Economic Consulting: 1,085 versus 1,076 estimated by two analysts on average.
- Number of revenue - generating professionals - Technology: 629 versus 630 estimated by two analysts on average.
- Average billable rate per hour - Economic Consulting: $559 compared to the $555.90 average estimate based on two analysts.
- Utilization rates of billable professionals - Forensic and Litigation Consulting: 57% versus 55% estimated by two analysts on average.
- Utilization rates of billable professionals - Corporate Finance & Restructuring: 60% versus the two-analyst average estimate of 59%.
- Revenues- Technology: $98.86 million compared to the $95.14 million average estimate based on three analysts. The reported number represents a change of +16.4% year over year.
- Revenues- Strategic Communications: $86.84 million versus $80.73 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +19.9% change.
- Revenues- Corporate Finance & Restructuring: $347.56 million compared to the $304.64 million average estimate based on three analysts. The reported number represents a change of +23.2% year over year.
- Revenues- Economic Consulting: $193.87 million versus $186.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
- Revenues- Forensic and Litigation Consulting: $166.14 million versus the three-analyst average estimate of $180.37 million. The reported number represents a year-over-year change of +15.9%.
View all Key Company Metrics for FTI Consulting here>>>
Shares of FTI Consulting have returned +2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
(We are reissuing this article to correct a mistake. The original article, issued on October 26, 2023, should no longer be relied upon.)
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For the quarter ended September 2023, FTI Consulting (FCN - Free Report) reported revenue of $893.26 million, up 15.1% over the same period last year. EPS came in at $2.34, compared to $2.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $847.55 million, representing a surprise of +5.39%. The company delivered an EPS surprise of +27.17%, with the consensus EPS estimate being $1.84.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how FTI Consulting performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for FTI Consulting here>>>
Shares of FTI Consulting have returned +2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
(We are reissuing this article to correct a mistake. The original article, issued on October 26, 2023, should no longer be relied upon.)
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on FCN - FREE