Fti Consulting Up 16.78% To $222.03 After Earnings Beat

FTI Consulting Inc (FCN) reported better than expected earnings this morning for Q4 2023.

Wall Street earnings per share (EPS) projections for Fti Consulting were at $1.67. The company beat those estimates with an EPS of $2.28. The earnings per share of $2.28 (which represents a -37% EPS surprise) led to the company’s profits rising 50% compared to last year when the firm reported an EPS of $1.52. The increase in Fti Consulting’s annual growth rate represents how the business is performing well amid recent economic conditions.

Revenues were upbeat at $924.7 million. That is an increase of 19.40% in revenues from the year-ago report and is 10.03% higher than consensus estimates set at $840.4 million.

The stock is up 16.78% to $222.03 after the report.

The firm’s lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 35. Meanwhile, the average Wall Street analyst rated the stock a Buy.

FTI Consulting Inc is a firm that generates its sales by providing professional business advisory services to customers. The company operates through five segments, namely corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology, and strategic communications. Customers of the company come from a wide array of sectors, including construction, energy and power, environmental, financial institutions, healthcare and life science, insurance, real estate and infrastructure, retail and consumer products, telecom, media, and technology. The majority of the company’s revenue is derived from serving customers in the United States.