The 10-second takeaway
For the quarter ended June 30 (Q2), ICF International beat slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share stayed the same.
Gross margins dropped, operating margins contracted, net margins were steady.
ICF International booked revenue of $241.6 million. The seven analysts polled by S&P Capital IQ looked for revenue of $237.2 million on the same basis. GAAP reported sales were 0.8% higher than the prior-year quarter's $239.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.52. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.51 per share. GAAP EPS of $0.52 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 37.3%, 100 basis points worse than the prior-year quarter. Operating margin was 7.2%, 30 basis points worse than the prior-year quarter. Net margin was 4.3%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $242.9 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $955.3 million. The average EPS estimate is $2.08.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 327 members out of 334 rating the stock outperform, and seven members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 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 $36.00.
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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. 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.