FTI Consulting (NYSE: FCN) reported Q1 EPS of $1.63, $0.64 better than the analyst estimate of $0.99. Revenue for the quarter came in at $551.3 million versus the consensus estimate of $517.76 million.

GUIDANCE:

FTI Consulting sees FY2019 EPS of $3.50-$4.00, versus the consensus of $3.71.

• The Company is raising its previous full year 2019 EPS guidance range of between $3.33 and $3.83 by $0.05 per share to between $3.38 and $3.88 to reflect the first quarter 2019 tax gain related to the Ringtail divestiture.
• After a strong first quarter, the Company is confident in its full year 2019 guidance ranges for revenues of between $2.0 billion and $2.1 billion, EPS of between $3.38 and $3.88 and Adjusted EPS of between $3.50 and $4.00. In fact, the Company now expects to be at or above the high end of its revenue, EPS and Adjusted EPS guidance ranges for full year 2019. The $0.12 per share variance between EPS and Adjusted EPS guidance for full year 2019 includes estimated non-cash interest expense of approximately $0.17 per share related to the Company’s 2023 Convertible Notes and the $0.05 per share first quarter 2019 tax gain related to the Ringtail divestiture.

For earnings history and earnings-related data on FTI Consulting (FCN) click here.