Charles River Associates CRAI is scheduled to report fourth-quarter 2018 earnings on Feb 28, before the market opens.
Strength across services and geographies are likely to boost Charles River Associates’ revenues.
Let's see how things are shaping up for the announcement.
Strength Across Services & Geographies to Drive Top Line
The Zacks Consensus Estimate for revenues in fourth-quarter 2018 is pegged at $103.20 million, indicating year-over-year growth of 6.4%. The top line is expected to benefit from strength across the company’s Antitrust & Competition Economics, Finance, Forensic Services, Labor & Employment, and Life Sciences practices. Solid global network (especially strength across North America and international operations) is another major positive.
In third-quarter 2018, the company’s revenues of $103.9 million increased 13.7% year over year.
Bottom-Line Expectations
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 62 cents, indicating a year-over-year decline of 11.4%. In third-quarter 2018, adjusted earnings of 65 cents per share increased 58.5% year over year.
What Our Model Says
Note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 or 5 (Sell-rated) stocks are best avoided, especially when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Charles River Associates has an Earnings ESP of 0.00% and it currently carries a Zacks Rank #3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.
Insperity NSP has an Earnings ESP of +3.72% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advanced Disposal Services ADSW has an Earnings ESP of +16.28% and a Zacks Rank #2.
Interpublic IPG has an Earnings ESP of +27.27% and a Zacks Rank #3.
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