CRA International (CRAI) Tops Q1 EPS by 18c

CRA International (NASDAQ: CRAI) reported Q1 EPS of $0.84, $0.18 better than the analyst estimate of $0.66. Revenue for the quarter came in at $126.2 million versus the consensus estimate of $116.2 million.

Outlook and Financial Guidance

“As our first quarter results demonstrate, our portfolio of services is highly valued by our clients. On a constant currency basis, we grew revenue by 19.5% to $126.5 million and achieved non-GAAP EBITDA margin of 10.3%. Although we are pleased with our performance in the first quarter, we recognize the challenges and uncertainties that accompany the COVID-19 pandemic. Given the evolving nature of the current health crisis, at this time CRA cannot forecast with reasonable accuracy the full duration, magnitude, and pace of the economic impact on our business and across our end markets. Thus, we are withdrawing our previously issued guidance for fiscal 2020. We remain confident that the same factors that have driven our success in recent years will continue to drive our performance in the months and years ahead,” Maleh concluded.

For earnings history and earnings-related data on CRA International (CRAI) click here.

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