Here Is What To Expect

Professional consulting firm ICF International (NASDAQ:ICFI) will be announcing earnings results this Thursday after market hours. Here’s what to look for.

ICF International met analysts’ revenue expectations last quarter, reporting revenues of $487.6 million, down 1.4% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates.

Is ICF International a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting ICF International’s revenue to decline 6% year on year to $481.1 million, a reversal from the 2.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.58 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ICF International has missed Wall Street’s revenue estimates three times over the last two years.

Looking at ICF International’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Booz Allen Hamilton posted flat year-on-year revenue, missing analysts’ expectations by 0.6%, and FTI Consulting reported flat revenue, topping estimates by 3.4%. Booz Allen Hamilton traded down 6.8% following the results while FTI Consulting was up 3.9%.

Read our full analysis of Booz Allen Hamilton’s results here and FTI Consulting’s results here.

Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. ICF International is down 1.3% during the same time and is heading into earnings with an average analyst price target of $102.50 (compared to the current share price of $83.63).

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