FTI Consulting (FCN) Tops Q3 EPS by 18c, Updates Guidance
FTI Consulting (NYSE: FCN) reported Q3 EPS of $1.54, $0.18 better than the analyst estimate of $1.36. Revenue for the quarter came in at $622.2 million versus the consensus estimate of $623.05 million.
GUIDANCE:
FTI Consulting sees FY2020 EPS of $5.25-$5.75, versus the consensus of $5.58. FTI Consulting sees FY2020 revenue of $2.42-2.47 billion, versus the consensus of $2.47 billion.
- The Company is revising its full year 2020 guidance. The Company now estimates that 2020 revenues will range between $2.42 billion and $2.47 billion. This compares to the previous revenue range of $2.45 billion to $2.55 billion. The Company now estimates that 2020 EPS will range between $4.93 and $5.43. This compares to the previous EPS range of $5.32 to $5.82. This range is inclusive of the third quarter special charge of $0.14 per share and an estimated full year non-cash interest expense of $0.18 per share related to the Company's 2023 Convertible Notes. The Company now estimates that 2020 Adjusted EPS will range between $5.25 and $5.75. This compares to the previous Adjusted EPS range of $5.50 to $6.00.
For earnings history and earnings-related data on FTI Consulting (FCN) click here.
