CRA Worldwide, Inc. CRAI reported spectacular third-quarter 2024 outcomes, with earnings and revenues beating the Zacks Consensus Estimate. The inventory has risen 9.6% for the reason that earnings launch in response to the better-than-expected outcomes and robust steering.
CRAI reaffirmed its 2024 fixed forex income steering vary to $670 million-$685 million within the third quarter of 2024. The steering vary’s midpoint ($677.5 million) is larger than the present Zacks Consensus Estimate of $676.2 million. The corporate continues to count on a non-GAAP EBITDA margin within the vary of 12.2%-13%.
Quarterly adjusted EPS got here in at $1.77, which surpassed the Zacks Consensus Estimate by 12% and elevated 56.6% yr over yr. Revenues of $167.7 million beat the consensus mark by a slight margin and elevated 13.7% from the year-ago quarter.
Charles River Associates Worth, Consensus and EPS Shock
Charles River Associates price-consensus-eps-surprise-chart | Charles River Associates Quote
CRAI: Different Quarterly Particulars
The corporate delivered 76% utilization, whereas the headcount was down 3.6% yr over yr. Non-GAAP EBITDA elevated 54.8% yr over yr to $21.3 million. The non-GAAP EBITDA margin improved 340 foundation factors yr over yr to 12.7%, in keeping with our estimate.
The corporate exited the quarter with a money and money equivalents stability of $24.5 million in contrast with $24.6 million witnessed on the finish of the prior quarter. It generated $31.6 million of money from working actions, and capex was $3 million. Within the quarter, Charles River paid out $2.9 million in dividends.
At the moment, Charles River carries a Zacks Rank #2 (Purchase). You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Current Earnings Snapshots
Omnicom OMC reported spectacular third-quarter 2024 outcomes, whereby earnings and revenues beat the Zacks Consensus Estimate.
OMC’s earnings of $2 per share beat the consensus estimate by 3.1% and elevated 9.1% yr over yr. Complete revenues of $3.9 billion surpassed the consensus estimate by 2.3% and elevated 8.5% yr over yr.
Equifax EFX reported combined third-quarter 2024 outcomes, whereby earnings surpassed the Zacks Consensus Estimate, whereas revenues missed the identical.
EFX’s adjusted earnings have been $1.8 per share, beating the Zacks Consensus Estimate by a slight margin and growing by 5.1% from the year-ago quarter’s precise. Complete revenues of $1.4 billion missed the consensus estimate by a slight margin however elevated 9.3% from the year-ago quarter.
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Charles River Associates (CRAI) : Free Stock Analysis Report
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