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Fti Consulting (FCN)
NYSE:FCN
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.74Last Year’s EPS
$2.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -14.91%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mixed performance for FTI Consulting. While the company showed strength in segments like Economic Consulting and Technology, and made significant investments in talent, overall revenue growth was lower than expected. There were also declines in key financial metrics such as adjusted EBITDA and earnings per share, driven by higher SG&A expenses and weaker revenue contributions from certain segments.Company Guidance
During the FTI Consulting Q3 2024 earnings call, the company's executives provided detailed guidance and insights into their financial performance and future outlook. The company reported a year-on-year revenue growth of only 3.7%, which was below expectations and marked a slowdown compared to recent quarters. Adjusted EBITDA decreased by 13.3% due to a 4.9% increase in direct costs and a 10.7% rise in SG&A expenses. EPS declined by 20.9% to $1.85. Despite the weaker results, the company remained optimistic about its long-term trajectory, citing strategic investments, including approximately 25 senior managing director hires in the past six months, and the addition of over 320 new professionals from campuses. For the full year, FTI Consulting adjusted its revenue guidance to between $3.7 billion and $3.75 billion and EPS guidance to between $7.90 and $8.35, acknowledging slower revenue momentum and continued investments.Largest Class of New Professionals
FTI Consulting welcomed more than 320 professionals from campuses this quarter, marking the largest class ever.
Investments in Senior Talent
The company announced approximately 25 Senior Managing Director hires in the last 6 months, compared to roughly half in the prior 6 months.
Economic Consulting and Technology Segment Growth
Economic Consulting revenues increased by 14.5% and Technology revenues increased by 11.7% compared to the prior year quarter.
Strong Cash Flow and Balance Sheet
Net cash provided by operating activities was $219.4 million for the quarter, a significant increase from $106.7 million in the prior year quarter.
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FCN 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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FCN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $229.50 | $201.38 | -12.25% |
| Jul 25, 2024 | $230.49 | $225.64 | -2.10% |
| Apr 25, 2024 | $213.74 | $215.31 | +0.73% |
| Feb 22, 2024 | $190.12 | $221.67 | +16.59% |
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 Fti Consulting (FCN) report earnings?
Fti Consulting (FCN) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Fti Consulting (FCN) earnings time?
Fti Consulting (FCN) earnings time is at Feb 20, 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 FCN EPS forecast?
FCN EPS forecast for the fiscal quarter 2024 (Q4) is $1.74.
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