Economic consulting firm CRA International (NASDAQ:CRAI) will be reporting results this Thursday before the bell. Here’s what you need to know.
CRA beat analysts’ revenue expectations last quarter, reporting revenues of $197 million, up 11.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and full-year revenue guidance beating analysts’ expectations.
Is CRA a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting CRA’s revenue to grow 6.6% year on year, in line with the 5.9% increase it recorded in the same quarter last year.
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. CRA has a history of exceeding Wall Street’s expectations.
Looking at CRA’s peers in the business process outsourcing & consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CBIZ delivered year-on-year revenue growth of 1.3%, missing analysts’ expectations by 0.6%, and Huron reported revenues up 11.8%, topping estimates by 0.7%. CBIZ traded down 8% following the results.
Read our full analysis of CBIZ’s results here and Huron’s results here.
There has been positive sentiment among investors in the business process outsourcing & consulting segment, with share prices up 11% on average over the last month. CRA’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $252.50 (compared to the current share price of $162.50).
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