Business advisory firm FTI Consulting (NYSE:FCN) will be reporting earnings tomorrow before market open. Here’s what investors should know.
FTI Consulting missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $894.9 million, down 3.2% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is FTI Consulting a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting FTI Consulting’s revenue to decline 2.3% year on year to $906.8 million, a reversal from the 15.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.79 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FTI Consulting has missed Wall Street’s revenue estimates twice over the last two years.
Looking at FTI Consulting’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Concentrix’s revenues decreased 1.3% year on year, meeting analysts’ expectations, and ManpowerGroup reported a revenue decline of 7.1%, topping estimates by 2.9%. Concentrix traded up 42.3% following the results while ManpowerGroup was down 19.2%.
Read our full analysis of Concentrix’s results here and ManpowerGroup’s results here.
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