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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