Hill International (HIL) Posts Q3 Loss of 13c/Share; Updates FY16 Outlook
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Hill International (NYSE: HIL) reported Q3 EPS of ($0.13), $0.22 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $168 million versus the consensus estimate of $160.37 million.
Based on Hill’s financial performance during the first nine months, current market conditions and the backlog amounts described above, the company is amending its prior guidance and now expects that consulting fee revenue in 2016 will be between $600 million and $610 million. This guidance reflects an approximately 3% to 5% decrease in consulting fee revenue for the year compared to 2015. The company has also lowered its guidance relating to EBITDA margin as a percentage of consulting fees in 2016, which it now expects will be in the range of 4% to 6%, down from 6.5% during 2015.
For earnings history and earnings-related data on Hill International (HIL) click here.
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