Overview
CRA fiscal Q3 revenue grows 10.8% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 beats consensus, rising 16.4% yr/yr
Company raises full-year revenue guidance, increases quarterly dividend by 16%
Outlook
CRA raises full-year revenue guidance to $740.0 mln-$748.0 mln
Company increases lower end of profit guidance for fiscal 2025
CRA expects non-GAAP EBITDA margin of 12.6%-13.0% for 2025
Result Drivers
PRACTICE GROWTH - Antitrust & Competition Economics, Energy, Finance, and Intellectual Property practices posted double-digit revenue growth
GEOGRAPHIC EXPANSION - International operations revenue grew 30.3% yr/yr, while North American operations increased by 6.8%
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$185.90 mln
$179.42 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$2.06
$1.80 (3 Analysts)
Q3 EPS
$1.73
Q3 Adjusted Net Income
$13.70 mln
Q3 Net Income
$11.50 mln
Q3 Adjusted EBITDA
$24.40 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 $244.00, about 27% above its October 29 closing price of $178.20
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release: ID:nBw8Dfr4La
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(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.)