The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ICF International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded significantly.
Margins grew across the board.
ICF International booked revenue of $213.9 million. The seven analysts polled by S&P Capital IQ expected sales of $215.6 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $192.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.49. The six earnings estimates compiled by S&P Capital IQ predicted $0.45 per share on the same basis. GAAP EPS of $0.44 for Q4 were 22% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.6%, 50 basis points better than the prior-year quarter. Operating margin was 6.7%, 70 basis points better than the prior-year quarter. Net margin was 4.1%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $230.7 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $2.10.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 338 members out of 344 rating the stock outperform, and six members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give ICF International a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICF International is outperform, with an average price target of $30.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.