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Cra Internationalinc. (CRAI)
NASDAQ:CRAI
Holding CRAI?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.62Last Year’s EPS
$1.63Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -4.77%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth and increased profitability, driven by strong performances in specific practices such as Antitrust & Competition Economics and Energy. However, challenges were noted in consultant headcount and the Life Sciences practice, with an increase in DSO as well. Despite these challenges, the overall performance and strategic initiatives, such as the dividend increase, suggest a positive outlook.Company Guidance
During the Charles River Associates (CRA) third-quarter 2024 earnings call, the company provided robust guidance, reflecting strong performance across various metrics. CRA reported a record revenue of $167.7 million for Q3, marking a 13.7% year-over-year increase. The company's non-GAAP EBITDA margin ranged between 12.2% and 13.0%, supported by improved consultant utilization, which rose to 76%. The firm’s legal and regulatory services revenue surged nearly 20% year-over-year, contributing to a more than 50% increase in non-GAAP net income, earnings per share, and EBITDA. CRA reaffirmed its full-year fiscal 2024 guidance, projecting revenue between $670 million and $685 million, buoyed by strong demand in practices including antitrust and competition economics, which grew revenue by nearly 30% year-over-year.Record-Breaking Revenue and Growth
Revenue increased by 13.7% year-over-year to $167.7 million, marking the highest Q3 performance in CRA's history. The first three quarters of fiscal 2024 represent the three highest revenue quarters in the company's history.
Increased Profitability
Non-GAAP net income, earnings per diluted share, and EBITDA each increased by more than 50% year-over-year, outpacing revenue growth and marking the highest third quarter profitability in the company's history.
Strong Performance in Antitrust & Competition Economics
This practice grew revenue by nearly 30% year-over-year, with the first three quarters of fiscal 2024 representing the highest revenue quarters in the practice's history.
Energy Practice Growth
The energy practice benefited from hiring senior resources and supported several regional transmission projects, with strong demand leading to robust growth.
Increased Dividend
A 17% increase in the quarterly cash dividend from $0.42 to $0.49 per common share was announced, payable on December 13, 2024.
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CRAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $193.79 | $181.68 | -6.25% |
| Aug 01, 2024 | $173.91 | $151.55 | -12.86% |
| May 02, 2024 | $148.40 | $152.44 | +2.72% |
| Feb 29, 2024 | $116.77 | $131.15 | +12.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cra Internationalinc. (CRAI) report earnings?
Cra Internationalinc. (CRAI) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Cra Internationalinc. (CRAI) earnings time?
Cra Internationalinc. (CRAI) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRAI EPS forecast?
CRAI EPS forecast for the fiscal quarter 2024 (Q4) is $1.62.
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