FTI Consulting (NYSE:FCN) Issues FY 2024 Earnings Guidance

FTI Consulting (NYSE:FCN) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 7.900-8.350 for the period, compared to the consensus EPS estimate of 8.470. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.8 billion. FTI Consulting also updated its FY24 guidance to $7.90-$8.35 EPS.

Analyst Ratings Changes

Several research firms recently commented on FCN. Truist Financial increased their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th.

FTI Consulting Price Performance

NYSE FCN traded down $2.29 during mid-day trading on Friday, hitting $199.09. The stock had a trading volume of 454,150 shares, compared to its average volume of 172,501. The firm’s 50 day moving average is $224.17 and its 200 day moving average is $219.29. FTI Consulting has a twelve month low of $185.93 and a twelve month high of $243.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 23.43 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 earnings per share. Equities research analysts forecast that FTI Consulting will post 8.48 earnings per share for the current fiscal year.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.