CRA International beats Q2 revenue estimates, raises 2026 revenue guidance

CRA International

06/08/2026 13:18

Overview
US consulting firm's fiscal Q2 revenue grew 13% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q2 beat analyst expectations
Company raised full-year revenue guidance and reaffirmed profit margin outlook

Outlook
CRA International raises full-year 2026 revenue guidance to $805 mln-$820 mln, on a constant currency basis relative to fiscal 2025
Company reaffirms full-year 2026 non-GAAP EBITDA margin guidance of 12.0%-13.0%
CRA expects constant currency adjustment to reduce reported 2026 revenue by about $2.5 mln

Result Drivers
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

Company press release: ID:nBw1dcShNa

Key Details
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
 

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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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)