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FTI Consulting (FCN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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FTI Consulting (FCN - Free Report) reported $949.16 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.8%. EPS of $2.34 for the same period compares to $1.75 a year ago.
The reported revenue represents a surprise of +2.06% over the Zacks Consensus Estimate of $930.03 million. With the consensus EPS estimate being $1.96, the EPS surprise was +19.39%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how FTI Consulting performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue-Generating Headcount: 6,334 versus the two-analyst average estimate of 6,480.
Revenues- Technology: $115.88 million versus $104.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.9% change.
Revenues- Strategic Communications: $84.94 million compared to the $83.82 million average estimate based on two analysts. The reported number represents a change of +2.8% year over year.
Revenues- Corporate Finance & Restructuring: $347.97 million versus $361.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
Revenues- Economic Consulting: $230.87 million versus $202.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
Revenues- Forensic and Litigation Consulting: $169.50 million versus the two-analyst average estimate of $176.77 million. The reported number represents a year-over-year change of -7%.
Shares of FTI Consulting have returned +7.6% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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FTI Consulting (FCN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
FTI Consulting (FCN - Free Report) reported $949.16 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.8%. EPS of $2.34 for the same period compares to $1.75 a year ago.
The reported revenue represents a surprise of +2.06% over the Zacks Consensus Estimate of $930.03 million. With the consensus EPS estimate being $1.96, the EPS surprise was +19.39%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how FTI Consulting performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue-Generating Headcount: 6,334 versus the two-analyst average estimate of 6,480.
- Revenues- Technology: $115.88 million versus $104.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.9% change.
- Revenues- Strategic Communications: $84.94 million compared to the $83.82 million average estimate based on two analysts. The reported number represents a change of +2.8% year over year.
- Revenues- Corporate Finance & Restructuring: $347.97 million versus $361.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
- Revenues- Economic Consulting: $230.87 million versus $202.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
- Revenues- Forensic and Litigation Consulting: $169.50 million versus the two-analyst average estimate of $176.77 million. The reported number represents a year-over-year change of -7%.
View all Key Company Metrics for FTI Consulting here>>>Shares of FTI Consulting have returned +7.6% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.