NCI, Inc. (NCIT) Tops Q2 EPS by 4c; Guides EPS Above Views

NCI, Inc. (NASDAQ: NCIT) reported Q2 EPS of $0.18, $0.04 better than the analyst estimate of $0.14. Revenue for the quarter came in at $78 million versus the consensus estimate of $78.04 million.

NCI, Inc. sees Q3 2014 EPS of $0.14-$0.16, versus the consensus of $0.11. NCI, Inc. sees Q3 2014 revenue of $70-76 million, versus the consensus of $73.3 million.

NCI, Inc. sees FY2014 EPS of $0.61-$0.641, versus the consensus of $0.52. NCI, Inc. sees FY2014 revenue of $304-316 million, versus the consensus of $314 million.

“NCI continued to meet or exceed operating results expectations in the second quarter. We also posted impressive cash flow from operations during the quarter,” said Charles K. Narang, NCI’s Chairman and CEO. “However, bookings continue to pose a challenge for NCI. We are doing everything possible to rebuild NCI’s backlog in the second half of 2014 and into the first half of 2015. We remain confident that we have the pieces in place to win significant new business awards in the coming months.”

“We expect to submit bids for contracts worth approximately $1 billion throughout the remainder of 2014, including three to four opportunities each valued at more than $100 million,” said NCI’s President, Brian J. Clark. “We’ve also added increased energy and focus in pursuing acquisitions that would complement NCI’s core capabilities or add new ones in promising areas of federal spending. We believe that such a move would help shore up our backlog, add significant revenue, and provide valuable synergies to improve our profitability going forward.”

For earnings history and earnings-related data on NCI, Inc. (NCIT) click here.

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