FTI Consulting (FCN) Tops Q4 EPS by 28c, Revenues Beat; Initiates FY19 EPS/Revenue Guidance, Announces Additional $100M Share Buyback

FTI Consulting (NYSE: FCN) reported Q4 EPS of $0.83, $0.28 better than the analyst estimate of $0.55. Revenue for the quarter came in at $505 million versus the consensus estimate of $468.77 million.

• Full Year 2018 Revenues of $2.028 Billion, Up 12.2% Compared to $1.808 Billion in Prior Year
• Full Year 2018 EPS of $3.93, Up 42.9% Compared to $2.75 in Prior Year; Full Year 2018 Adjusted EPS of $4.00, Up 72.4% Compared to $2.32 in Prior Year
• Fourth Quarter 2018 Revenues of $505.0 Million, Up 8.0% Compared to Prior Year Quarter
• Fourth Quarter EPS of $0.61 Compared to $1.78 in Prior Year Quarter, Which Included a $1.19 Benefit Related to the 2017 U.S. Tax Cuts and Jobs Act; Fourth Quarter Adjusted EPS of $0.83, Up 6.4% Compared to $0.78 in Prior Year Quarter
• Announces $100 Million Increase in Share Repurchase Authorization and Introduces 2019 Guidance
• Commenting on these results, Steven H. Gunby, President and Chief Executive Officer of FTI Consulting, said, "I want to thank our clients and our teams for an outstanding year. In 2018, every one of our business segments delivered top- and bottom-line growth. These results reflect the efforts by our teams across the globe to continually strengthen our firm by attracting and developing the best professionals and building businesses behind them. This, in turn, allows us to do our job: support our clients as they navigate their largest and most complex issues."

GUIDANCE:

FTI Consulting sees FY2019 EPS of $3.50-$4.00, versus the consensus of $3.76. FTI Consulting sees FY2019 revenue of $2-2.1 billion, versus the consensus of $2.04 billion.

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

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