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CRA International (CRAI)

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CRA International's (CRAI) third quarter earnings were in line with the Zacks Consensus Estimate, primarily owing to the uptick in utilization rate backed by successful restructuring actions.

Although the pipeline of both litigation and management consulting businesses litigation remains reasonably active, clients cautious about aggregate spending and a decline in organic revenue are expected to limit the company's growth. Overall, near-term visibility remains unclear, given the current volatile market trends. Despite showing some improvement, litigation trends remain sluggish.

Going forward, we remain skeptical about the growth prospects of the company. Hence, we downgrade the stock from Neutral to Underperform.




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