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FTI Consulting Inc.

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Despite improving corporate earnings and strong liquidity, clients’ spending patterns have remained cautious, given the concerns over the current market environment, volatile financial markets and lack of visibility regarding the impact of future tax and regulatory policies. In addition, FTI Consulting is highly exposed to foreign exchange rate risks and pricing pressure due to the Brexit referendum, undermining its growth prospects to some extent. The company is likely to be stifled by the higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. FTI Consulting has also grossly underperformed the Zacks categorized Consulting Services industry in the last three months. The company has a positive earnings history in the trailing four quarters, beating estimates thrice. It has planned significant investments to expand its Technology business, which are likely to boost future earnings.

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