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CRA International Q3 revenue beats estimates on broad-based growth

By Reuters News


Overview

  • US consulting firm's Q3 revenue rose 15.6% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 beat analyst expectations

  • Company raised quarterly dividend by 17.5%


Outlook

  • CRA raises full-year 2026 revenue guidance to $830 mln-$840 mln from $805 mln-$820 mln

  • Company expects full-year 2026 non-GAAP EBITDA margin of 12.2%-12.8%

  • Company cites uncertain global macroeconomic, business, and political conditions as potential risks


Result Drivers

  • PRACTICE AREA GROWTH - Co said broad-based growth across seven practices, with double-digit gains in Forensic Services, Life Sciences, and Risk, Investigations & Analytics, and a record in Antitrust & Competition Economics, drove results

  • GEOGRAPHIC EXPANSION - Co reported revenue growth in both North America (up 18.0%) and international operations (up 6.2%)

  • CONSULTANT UTILIZATION - Utilization rate was 78% and consultant headcount rose 6.2% yr/yr


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$214.90 mln

$201.96 mln (3 Analysts)

Q3 Adjusted EPS

Beat

$2.19

$2.07 (3 Analysts)

Q3 EPS

$2.20

Q3 Adjusted Net Income

$13.90 mln

Q3 Adjusted EBITDA

$27.10 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for CRA International Inc is $250.50, about 28.6% above its November 4 closing price of $194.75

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago


Reuters Recommended Reads

  • Nov 3 - Huron Consulting Q3 revenue rises

  • Nov 3 - Gartner Q3 profit beats estimates on contract value growth; raises FY guidance

  • Nov 3 - Marqeta Q3 revenue slightly beats estimates on volume growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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