The 10-second takeaway
For the quarter ended March 31 (Q1), CRA International whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins shrank across the board.
CRA International recorded revenue of $69.1 million. The three analysts polled by S&P Capital IQ wanted to see net sales of $78.8 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $78.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.09. The three earnings estimates compiled by S&P Capital IQ forecast $0.45 per share. GAAP EPS of $0.05 for Q1 were 88% lower than the prior-year quarter's $0.41 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 32.8%, 160 basis points worse than the prior-year quarter. Operating margin was 4.8%, 530 basis points worse than the prior-year quarter. Net margin was 0.8%, 480 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $82.9 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $316.6 million. The average EPS estimate is $1.70.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 57 members rating the stock outperform and five members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give CRA International a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CRA International is buy, with an average price target of $30.50.
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