WASHINGTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Third Quarter 2024 Revenues of $926.0 Million, Up 4% Compared to $893.3 Million in Prior Year QuarterThird Quarter 2024 EPS of $1.85, Down 21% Compared to $2.34 in Prior Year QuarterCompany Updates Revenue and EPS Guidance Ranges for Full Year 2024 FTI Consulting, Inc. (NYSE: FCN) today released financial results for the third quarter ended September 30, 2024. Third quarter 2024 revenues of $926.0 million increased $32.8 million, or 3.7%, compared to revenues of ...

FTI Consulting (FCN) is scheduled to release its third-quarter 2024 results on Oct. 24, before the bell. See Zacks Earnings Calendar to stay ahead of market-making news. The company has had an impressive earnings surprise history. It outperformed the Zacks Consensus Estimate in all the four trailing quarters, delivering an earnings surprise of 29.6% on average. Q3 Expectations The Zacks Consensus Estimate for the top line for the to-be-reported quarter is currently pegged at $940.1 million, indicating an in ...

TechnipFMC plc (FTI) is set to release third-quarter 2024 results on Oct. 24. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 40 cents per share on revenues of $2.3 billion. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Let's delve into the factors that might have influenced the oilfield services provider's performance in the September quarter. But it's worth taking a look at FTI's previous-quarter performance first. Highlights of Q2 Earnings & Su ...

FRANKFURT, Germany, Oct. 10, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Jens Paulus as a Senior Managing Director in the Forensic and Litigation Consulting segment. Mr. Paulus, who is based in Berlin, has advised corporate and public clients on a wide range of risk, compliance and geopolitical-related matters for more than 20 years. In his role at FTI Consulting, he will help clients develop strategies to navigate disruption and global megatrends, such as cl ...

Core Insights - FTI Consulting has launched IQ.AI, a suite of artificial intelligence solutions aimed at addressing client challenges in disputes, investigations, antitrust, and data breach response [1][2] Group 1: Product Offerings - IQ.AI for Investigations provides document summarization to generate overviews, extract key facts, and enhance human review [2] - IQ.AI for Data Breach enables quick identification and extraction of sensitive data for compliance during legal document productions [2] - IQ.AI for Antitrust includes monitoring for compliance with regulations and customized analytics to reduce risk across complex datasets [2] Group 2: Market Context - There is a growing interest in AI solutions across industries, with 78% of business leaders viewing generative AI as a competitive opportunity [3] - 70% of legal professionals believe AI will have a transformational impact on their field, yet only 9% of organizations are currently AI-mature [3] Group 3: Company Strategy and Expertise - FTI Technology has invested significantly in AI R&D and collaborates with software providers to enhance IQ.AI offerings [4] - The company employs a dedicated team of IQ.AI experts to advise clients on AI use intersecting with legal and regulatory risks [5] - FTI Technology conducts ongoing testing to customize AI solutions for specific client needs, saving resources and time [5] Group 4: Case Study - FTI Technology utilized IQ.AI in a complex investigation for a global consumer goods company, combining generative AI with human expertise to reduce manual workload while maintaining quality control [6] Group 5: Industry Challenges - Clients face uncertainties regarding the impact, cost, and reliability of large language models in legal contexts, highlighting the need for expertise and alignment in AI strategies [7][8] Group 6: Company Overview - FTI Consulting generated $3.49 billion in revenues during fiscal year 2023 and operates globally with over 8,000 employees [8]

Company Expansion and Leadership - FTI Consulting expands its Global Insurance Services practice with the appointment of Maria Filipakis as a Senior Managing Director within the Forensic and Litigation Consulting segment [1] - Maria Filipakis brings nearly two decades of experience in government roles, including as a litigator, enforcement lawyer, and regulator in securities, banking, and insurance [2] - She previously served as the first Executive Deputy Superintendent of the Capital Markets Division at the New York State Department of Financial Services, leading the development of pioneering regulations in cybersecurity and digital currencies [3] Expertise and Role at FTI Consulting - Maria Filipakis will support clients in the financial services industry with regulatory, compliance, claims challenges, risk management, due diligence, and financial analysis [4] - Her diverse background in insurance and cybersecurity will help clients address a wide range of compliance and regulatory challenges [4] - Prior to joining FTI Consulting, she co-founded and served as a Managing Partner at the Topside Group, focusing on strategic and regulatory matters in securities, insurance, banking, cybersecurity, and digital currencies [5] Industry Trends and Client Needs - The insurance industry has seen a shift in recent years due to emerging risks related to artificial intelligence, compliance, regulation, and litigation [5] - FTI Consulting professionals combine industry expertise with technical acumen to guide clients through these evolving challenges [5] - Businesses are reassessing risk management approaches amid a challenging regulatory landscape and advancements in artificial intelligence [6] Company Overview - FTI Consulting is a global business advisory firm with over 8,000 employees across 33 countries and territories, helping organizations manage change, mitigate risk, and resolve disputes [7] - The company generated $3.49 billion in revenues during fiscal year 2023 [7] - FTI Consulting provides services through distinct legal entities in certain jurisdictions, which are separately capitalized and independently managed [7]

WASHINGTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that it will release financial results for the third quarter ended September 30, 2024 before the New York market opens on Thursday, October 24, 2024. A conference call will be held to discuss these financial results on Thursday, October 24, 2024, at 9:00 a.m. Eastern Time and will be hosted by senior management. The conference call will be simulcast live on the Internet and can be accessed by logging onto the Comp ...

Group 1 - TechnipFMC has been awarded two significant subsea contracts by Petrobras, marking a crucial advancement in the development of Brazil's offshore hydrocarbon resources [1] - The first contract involves the design, engineering, and manufacturing of flexible riser pipes, valued between $250 million and $500 million [2] - The second contract focuses on subsea production systems for the Atapu 2, Sepia 2, and Roncador projects, with expected inbound orders between $75 million and $250 million [4] Group 2 - The Atapu and Sepia fields are in their second development phase, with new FPSO vessels expected to increase production capacity by 225,000 barrels of oil per day [5] - The Roncador field, operated by Petrobras, is also set to enhance its production capabilities following the award of the contracts to TechnipFMC [6] - TechnipFMC's previous involvement in the Búzios fields reinforces its leadership in flexible pipe technology and standardized equipment platforms [3] Group 3 - TechnipFMC is recognized as a leading manufacturer and supplier of integrated technology solutions for the energy sector, currently holding a Zacks Rank 2 (Buy) [7] - Other notable stocks in the energy sector include PEDEVCO Corp. and VAALCO Energy, with PEDEVCO showing a 33.3% improvement in earnings estimates for 2024 [8]

WASHINGTON, Sept. 23, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Brian Salsberg as a Senior Managing Director and Global Head of M&A in the Transactions practice within the firm's Corporate Finance & Restructuring segment. Mr. Salsberg, who is based in New York, is a highly experienced M&A professional, having successfully led clients through more than 100 acquisitions, mergers, joint ventures and divestitures. He joins FTI Consulting from EY, where he was t ...

Core Viewpoint - The article highlights three energy stocks—TechnipFMC plc (FTI), Murphy USA (MUSA), and Sunoco LP (SUN)—that have shown substantial EPS growth and may present investment opportunities in the current market environment. Group 1: TechnipFMC plc (FTI) - TechnipFMC is a UK-based company formed from the merger of Technip and FMC Technologies in January 2017, providing products, services, and technology solutions for the energy industry [2] - The stock is currently trading around $26 per share with a forward earnings multiple of 15.15X, which is below its historical median of 18.48X, indicating potential for upside [3] - Despite a 51.7% decline over the past decade, FTI has increased by 29% in the last 12 months, aligning with the S&P 500 Index, and is expected to see earnings nearly triple in 2024, reaching $1.90 per share, representing a 217% increase from the 2019 adjusted EPS of $0.60 [4] Group 2: Murphy USA (MUSA) - Murphy USA is a leading independent retailer of motor fuel and convenience merchandise in the U.S., currently holding a Zacks Rank of 3 (Hold) [5] - The stock trades at just under $492 per share with a forward earnings multiple of 18.66X, which is 23% below its decade high of 24.35X [5] - Over the last decade, MUSA has surged 818%, significantly outperforming the S&P 500's 195% increase, although it has seen a 3.6% decline in the last month [7] - Earnings are forecasted to decline by 5.1% in 2024 to $24.20 per share, but this still represents a 360% increase from the 2019 adjusted EPS of $5.26 [7] Group 3: Sunoco LP (SUN) - Sunoco LP operates in the transportation and supply phase of the U.S. petroleum market, focusing on motor fuel distribution [8] - The stock has a Zacks Rank of 3, with earnings estimates for 2024 increasing by 27% over the last 60 days, currently trading at $53.51 per share with a forward earnings multiple of 7.53X [9] - Although Sunoco's stock has lost 1.8% over the last decade, it has gained 44.6% in the last three years, outperforming the S&P 500's 27.4% rise [9] - Projected earnings for 2024 are expected to jump by 154.2%, with this year's anticipated earnings of $9.29 per share reflecting a 229% increase over the last five years from a 2019 EPS of $2.82 [10]