Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of business advisory firm FTI Consulting, (NYSE:FCN) jumped as much as 11% today after increasing estimates.
So what: Management said that it now expects second quarter revenue to be between $445 million and $450 million, above its previous estimate of $430 million-$445 million. On the bottom line, it said adjusted earnings per share for the quarter should be $0.49-$0.55, higher than a previous $0.32-$0.42 estimate.
Now what: The improvement has been sharp because the last estimate was given in May. Management also said that full-year results will be higher than expected, predicting $1.55-$1.70 per share in earnings, higher than Wall Street's current $1.54 estimate. I think that the company is in a great position long term and that 2016 results should provide no less than $2.50 per share in earnings. Given the pullback since the initial pop, shares still have good value for investors today.
Will this stock be your next multi-bagger?
Give us five minutes and we'll show how you could own the best stock for 2014. Every year, The Motley Fool's chief investment officer hand-picks one stock with outstanding potential. But it's not just any run-of-the-mill company. It's a stock perfectly positioned to cash in on one of the upcoming year's most lucrative trends. Last year his pick skyrocketed 134%. And previous top picks have gained upwards of 908%, 1,252% and 1,303% over the subsequent years! Believe me, you don't want to miss what could be his biggest winner yet! Just click here to download your free copy of "The Motley Fool's Top Stock for 2014" today.
Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.