FTI Consulting Inc reports results for the quarter ended June 30 - Earnings Summary

• FTI Consulting Inc FCN reported quarterly adjusted earnings of $2.13​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.34. The mean expectation of three analysts for the quarter was for earnings of $1.90 per share. Wall Street expected results to range from $1.68 to $2.05 per share.

• Revenue fell 0.6% to $943.66 million from a year ago; analysts expected $912.20 million.

• FTI Consulting Inc's reported EPS for the quarter was $2.13​.

• The company reported quarterly net income of $71.7 million.

• FTI Consulting Inc shares had risen by 3.7% this quarter and lost 12.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for FTI Consulting Inc is $178.00, about 5.9% above its last closing price of $167.55

This summary was machine generated from LSEG data July 24 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)