Adjusted EPS for fiscal Q2 beat analyst expectations
Company raised full-year revenue guidance and reaffirmed profit margin outlook
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$210.8 mln
$198.90 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$2.16
$2.15 (3 Analysts)
Q2 EPS
$2.10
Q2 Adjusted Net Income
$13.90 mln
Q2 Net Income
$13.50 mln
Q2 Adjusted EBITDA
$26.80 mln
Practice, service and geographic growth
PRACTICE GROWTH - Co said eight consulting practices grew yr/yr, with six posting double-digit revenue growth and Antitrust & Competition Economics reaching a new quarterly high
SERVICE EXPANSION - Legal & Regulatory offerings grew 10% yr/yr and Management Consulting services increased 26% yr/yr
GEOGRAPHIC GROWTH - North American operations revenue rose 9% yr/yr, international operations grew 33% yr/yr
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for CRA International Inc is $252.50, about 43% above its August 5 closing price of $176.60
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago
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