Overview
US consulting firm's Q1 revenue rose 9.5%, beating analyst expectations
Q1 EPS rose to $1.90 from $1.74 a year ago
Company repurchased $126.8 mln in stock during the quarter
Outlook
FTI Consulting reaffirms full-year 2026 revenue guidance of $3.940 bln to $4.100 bln
Company maintains full-year 2026 EPS guidance of $8.90 to $9.60
Company does not expect Adjusted EPS to differ from EPS in 2026
Result Drivers
CORPORATE FINANCE GROWTH - Revenue increase driven mainly by higher demand and realized bill rates for turnaround & restructuring, transactions and transformation services in Corporate Finance
STRATEGIC COMMUNICATIONS DEMAND - Higher demand for corporate reputation, public affairs and financial communications services boosted Strategic Communications segment
TECHNOLOGY SEGMENT DEMAND - Growth in Technology segment revenue due to higher demand for litigation and information governance, privacy & security services
Company press release: ID:nGNX6D0kRc
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$983.30 mln
$971.03 mln (3 Analysts)
Q1 EPS
$1.90
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 FTI Consulting Inc is $168.45, about 6.1% below its April 29 closing price of $179.33
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
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.)