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FTI Consulting (FCN) Reports Q4 Earnings: What Key Metrics Have to Say
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FTI Consulting (FCN - Free Report) reported $924.68 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 19.4%. EPS of $2.28 for the same period compares to $1.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $829.24 million, representing a surprise of +11.51%. The company delivered an EPS surprise of +45.22%, with the consensus EPS estimate being $1.57.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
Number of revenue - generating professionals: 6,350 compared to the 6,595 average estimate based on three analysts.
Number of revenue - generating professionals - Corporate Finance & Restructuring: 2,215 versus 2,318 estimated by two analysts on average.
Number of revenue - generating professionals - Economic Consulting: 1,089 versus 1,097 estimated by two analysts on average.
Number of revenue - generating professionals - Technology: 628 versus 642 estimated by two analysts on average.
Average billable rate per hour - Economic Consulting: $586 versus the two-analyst average estimate of $548.94.
Utilization rates of billable professionals - Forensic and Litigation Consulting: 56% versus the two-analyst average estimate of 55.6%.
Utilization rates of billable professionals - Corporate Finance & Restructuring: 61% versus the two-analyst average estimate of 57.1%.
Revenues- Technology: $100.93 million compared to the $88.60 million average estimate based on three analysts. The reported number represents a change of +31.4% year over year.
Revenues- Strategic Communications: $86.64 million versus the three-analyst average estimate of $77.99 million. The reported number represents a year-over-year change of +19.6%.
Revenues- Corporate Finance & Restructuring: $365.55 million versus the three-analyst average estimate of $326.84 million. The reported number represents a year-over-year change of +24.8%.
Revenues- Economic Consulting: $206.09 million versus the three-analyst average estimate of $175.87 million. The reported number represents a year-over-year change of +19.8%.
Revenues- Forensic and Litigation Consulting: $165.47 million compared to the $160.14 million average estimate based on three analysts. The reported number represents a change of +3.2% year over year.
Shares of FTI Consulting have returned -4.1% over the past month versus the Zacks S&P 500 composite's +3.1% 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.
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FTI Consulting (FCN) Reports Q4 Earnings: What Key Metrics Have to Say
FTI Consulting (FCN - Free Report) reported $924.68 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 19.4%. EPS of $2.28 for the same period compares to $1.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $829.24 million, representing a surprise of +11.51%. The company delivered an EPS surprise of +45.22%, with the consensus EPS estimate being $1.57.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
- Number of revenue - generating professionals: 6,350 compared to the 6,595 average estimate based on three analysts.
- Number of revenue - generating professionals - Corporate Finance & Restructuring: 2,215 versus 2,318 estimated by two analysts on average.
- Number of revenue - generating professionals - Economic Consulting: 1,089 versus 1,097 estimated by two analysts on average.
- Number of revenue - generating professionals - Technology: 628 versus 642 estimated by two analysts on average.
- Average billable rate per hour - Economic Consulting: $586 versus the two-analyst average estimate of $548.94.
- Utilization rates of billable professionals - Forensic and Litigation Consulting: 56% versus the two-analyst average estimate of 55.6%.
- Utilization rates of billable professionals - Corporate Finance & Restructuring: 61% versus the two-analyst average estimate of 57.1%.
- Revenues- Technology: $100.93 million compared to the $88.60 million average estimate based on three analysts. The reported number represents a change of +31.4% year over year.
- Revenues- Strategic Communications: $86.64 million versus the three-analyst average estimate of $77.99 million. The reported number represents a year-over-year change of +19.6%.
- Revenues- Corporate Finance & Restructuring: $365.55 million versus the three-analyst average estimate of $326.84 million. The reported number represents a year-over-year change of +24.8%.
- Revenues- Economic Consulting: $206.09 million versus the three-analyst average estimate of $175.87 million. The reported number represents a year-over-year change of +19.8%.
- Revenues- Forensic and Litigation Consulting: $165.47 million compared to the $160.14 million average estimate based on three analysts. The reported number represents a change of +3.2% year over year.
View all Key Company Metrics for FTI Consulting here>>>Shares of FTI Consulting have returned -4.1% over the past month versus the Zacks S&P 500 composite's +3.1% 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.