Economic consulting firm CRA International (NASDAQ: CRAI) will be reporting earnings this Thursday before market open. Here’s what you need to know.
CRA beat analysts’ revenue expectations last quarter, reporting revenues of $210.8 million, up 12.8% year on year. It was a very strong quarter for the company, with a narrow beat of analysts’ EPS estimates.
Is CRA a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting CRA’s revenue to grow 7.1% year on year, slowing from the 10.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. CRA has a history of exceeding Wall Street’s expectations.
Looking at CRA’s peers in the business process outsourcing & consulting segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FTI Consulting delivered year-on-year revenue growth of 5.9%, meeting analysts’ expectations, and Huron reported revenues up 11.4%, in line with consensus estimates. FTI Consulting traded up 15.3% following the results.
Read our full analysis of FTI Consulting’s results here and Huron’s results here.
Investors in the business process outsourcing & consulting segment have had steady hands going into earnings, with share prices flat over the last month. CRA is up 14.9% during the same time and is heading into earnings with an average analyst price target of $250.50 (compared to the current share price of $196.80).
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