Navigant Consulting (NCI) Reports Q4 EPS of $0.29, Beats on Revenues; Offers FY18 EPS Mid-Point Above Consensus, FY18 Revenue Outlook Above Estimates

Note: EPS may not be comparable

Navigant Consulting (NYSE: NCI) reported Q4 EPS of $0.29, versus $0.40 reported last year. Revenue for the quarter came in at $255.4 million versus the consensus estimate of $244.79 million.

2018 OUTLOOK

Management provides its full year 2018 financial outlook:

• Total revenues estimated to be between $1.030 billion and $1.065 billion
• RBR expected to range between $940 million and $975 million
• Adjusted EBITDA expected to range between $125 million and $137 million
• Adjusted EPS estimated to be between $1.26 and $1.44
• Capital expenditures estimated to be approximately $25 million
• Free Cash Flow expected to range between $75 million and $90 million

Fourth quarter 2017 financial summary:

• Revenues and revenues before reimbursements (RBR) of $255.4 million and $230.7 million, respectively, were both down 4% compared to fourth quarter 2016
• Net income was $43.1 million, or $0.91 per share, compared to $13.5 million, or $0.28 per share, for fourth quarter 2016, reflecting a $29.7 million, or $0.63 per share, after-tax benefit from the 2017 Tax Cuts and Jobs Act (Tax Reform)
• Adjusted Earnings per Share (EPS) of $0.29 decreased $0.01 compared to fourth quarter 2016
• Repurchased $15.0 million of common stock compared to $6.3 million in the prior year period

GUIDANCE:

Navigant Consulting sees FY2018 EPS of $1.26-$1.44, versus the consensus of $1.30. Navigant Consulting sees FY2018 revenue of $1.03-1.065 billion, versus the consensus of $0.98633 billion.

For earnings history and earnings-related data on Navigant Consulting (NCI) click here.

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