We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CRA International (CRAI) Shares Rise 7% Since Q1 Earnings Beat
Read MoreHide Full Article
CRA International, Inc. (CRAI - Free Report) reported impressive first-quarter 2024 results, which beat the Zacks Consensus Estimate on both counts. The better-than-expected results impressed investors as the stock has gained 6.6% since the earnings release on May 2.
CRAI’s adjusted EPS came in at $1.96, which surpassed the Zacks Consensus Estimate by 41% and increased 51.9% year over year. Revenues of $171.8 million beat the consensus mark by 6.9% and increased 12.4% from the year-ago quarter.
The company delivered 73% utilization while headcount was up by 2.6% year over year. Non-GAAP EBITDA increased 34.4% year over year to $22.4 million, topping our estimate of $17.2 million. Non-GAAP EBITDA margin increased 210 basis points year over year to 13%, beating our estimated margin of 10.9%.
The company exited the quarter with a cash and cash equivalents balance of $37.1 million compared with $45.6 million witnessed at the end of the prior quarter. It used $63.1 million of cash from operating activities, and capex was $0.7 million. In the quarter, Charles River paid out $3.1 million in dividends.
2024 Guidance
Charles River anticipates revenues between $645 million and $675 million, the midpoint ($660 million) of which is higher than the current Zacks Consensus Estimate of $658.9 million. Non-GAAP EBITDA margin is expected in the range of 10.8-11.5%.
Currently, Charles River carries a Zacks Rank #1 (Strong Buy).
Recent Earnings Snapshots of Some Service Providers
Omnicom (OMC - Free Report) reported impressive first-quarter 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
OMC’s earnings of $1.67 per share beat the consensus estimate by 9.9% and increased 7.1% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 1.6% and increased 5.4% year over year.
Equifax (EFX - Free Report) reported mixed first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
EFX’s adjusted earnings were $1.5 per share, which beat the Zacks Consensus Estimate by 4.2% and up 4.9% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by a slight margin but increased 6.7% from the year-ago quarter.
ManpowerGroup (MAN - Free Report) reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
Quarterly adjusted earnings of 94 cents per share surpassed the consensus mark by 4.4% but declined 41.6% year over year. Revenues of $4.4 billion lagged the consensus mark by 0.6% and fell 7% year over year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CRA International (CRAI) Shares Rise 7% Since Q1 Earnings Beat
CRA International, Inc. (CRAI - Free Report) reported impressive first-quarter 2024 results, which beat the Zacks Consensus Estimate on both counts. The better-than-expected results impressed investors as the stock has gained 6.6% since the earnings release on May 2.
CRAI’s adjusted EPS came in at $1.96, which surpassed the Zacks Consensus Estimate by 41% and increased 51.9% year over year. Revenues of $171.8 million beat the consensus mark by 6.9% and increased 12.4% from the year-ago quarter.
Equifax, Inc. Price and EPS Surprise
Equifax, Inc. price-eps-surprise | Equifax, Inc. Quote
Other Quarterly Details
The company delivered 73% utilization while headcount was up by 2.6% year over year. Non-GAAP EBITDA increased 34.4% year over year to $22.4 million, topping our estimate of $17.2 million. Non-GAAP EBITDA margin increased 210 basis points year over year to 13%, beating our estimated margin of 10.9%.
The company exited the quarter with a cash and cash equivalents balance of $37.1 million compared with $45.6 million witnessed at the end of the prior quarter. It used $63.1 million of cash from operating activities, and capex was $0.7 million. In the quarter, Charles River paid out $3.1 million in dividends.
2024 Guidance
Charles River anticipates revenues between $645 million and $675 million, the midpoint ($660 million) of which is higher than the current Zacks Consensus Estimate of $658.9 million. Non-GAAP EBITDA margin is expected in the range of 10.8-11.5%.
Currently, Charles River carries a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Earnings Snapshots of Some Service Providers
Omnicom (OMC - Free Report) reported impressive first-quarter 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
OMC’s earnings of $1.67 per share beat the consensus estimate by 9.9% and increased 7.1% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 1.6% and increased 5.4% year over year.
Equifax (EFX - Free Report) reported mixed first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
EFX’s adjusted earnings were $1.5 per share, which beat the Zacks Consensus Estimate by 4.2% and up 4.9% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by a slight margin but increased 6.7% from the year-ago quarter.
ManpowerGroup (MAN - Free Report) reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
Quarterly adjusted earnings of 94 cents per share surpassed the consensus mark by 4.4% but declined 41.6% year over year. Revenues of $4.4 billion lagged the consensus mark by 0.6% and fell 7% year over year.