FTI Consulting Q4 Results Top Estimates; Guides FY23 EPS In Line

(RTTNews) - FTI Consulting, Inc. (FCN) reported Thursday a net income for the fourth quarter grew to $47.50 million or $1.33 per share from $38.21 million or $1.07 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter was $1.52 per share, compared to $1.13 per share in the prior-year quarter.

Revenues for the quarter grew 15 percent to $774.4 million from $676.2 million in the same quarter last year.

On average, three analysts polled by Thomson Reuters expect the company to report earnings of $1.35 per share on revenues of $738.83 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects earnings in a range of $6.80 to $7.70 per share on revenues between $3.33 billion and $3.47 billion.

The Street is looking for earnings of $7.33 per share on revenues of $3.19 billion for the year.

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