FTI Consulting is set to unveil its fourth-quarter 2023 results on Feb 22, before the bell.
Unarguably, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in three of the last four quarters while lagging only once, with an 8.5% average earnings surprise.
The Zacks Consensus Estimate for Q4 2023 earnings remains steady at $1.57 per share over the last 30 days.
Unearthing Quarterly Picture
Anticipation for the top line for the forthcoming quarter stands at $829.2 million, signaling a 7.1% ascent from the year-ago figure which may bode well for investors. Our calculations suggest a robust 7.8% year-over-year upswing, driven by substantial segmental growth.
With expectations of a 5.4% year-over-year surge in Corporate Financing & Restructuring revenues and a 7.1% rise in Economic Consulting revenues, the momentum seems set to roll on, courtesy of soaring demand for a wide range of services.
Moreover, Forensic and Litigation consulting revenues are envisioned to sprout by 7.7% year over year, while Strategic Communications revenues are pegged to notch up an 8.6% increase, adding to the bullish sentiment surrounding FTI Consulting.
Extrapolating the projection further, the technology business looks set to register a remarkable 18% revenue surge, propelled by escalating demand.
The Zacks Consensus Estimate for the bottom line stands at $1.57, delineating a 3.3% year-over-year improvement, underlining the growth prospects.
Answering the Forecast
While the corporate stage is set for the much-anticipated Q4 earnings release, what does our model suggest? The proven model, at present, doesn’t conclusively predict a beat for FCN this time around. Nonetheless, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) generally bolsters the chances of an earnings beat. The evaluation for FCN tells a different story, with an Earnings ESP of 0.00% and a Zacks Rank of 3, disrupting the optimism.
In similar news, Robert Half and Aptiv have divulged their Q4 2023 performance, while S&P Global has ventilated its earnings snapshot. Each painted a unique canvas, attributing to the unfolding narrative in the financial sphere.
As Feb 22 approaches with the promise of unveiling the quarter’s earnings, the market is undoubtedly brimming with anticipation.
As an investor, are you ready to position yourself favorably and harness the opportunities that could arise? Or will you opt to tread with caution? The choice, once again, is yours.
