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ICF to Support Hurricane Helene Recovery Across Carolinas
Prnewswire· 2025-01-23 21:05
Core Insights - ICF has been contracted by multiple towns and utilities in North and South Carolina to provide disaster assessments and recovery support following Hurricane Helene [1][2] - The company is utilizing advanced technology, including drones, to conduct rapid damage assessments over a large area, which is the largest continuous drone operation in its history [3] - ICF's experience includes managing over $90 billion in federal recovery and mitigation funding across more than 170 communities affected by 90 major disasters [5] Company Operations - ICF's teams are collaborating with local officials to assess damage and navigate the FEMA Public Assistance program, aiming to maximize federal funding opportunities [2] - The company is deploying disaster assessment teams and leveraging its cloud-based grants management platform disasTRAX® to streamline grants administration and enhance communication with stakeholders [4] - ICF combines disaster management expertise with advanced technology to support community leaders in establishing new funding programs and strengthening infrastructure [3] Industry Context - The disaster management sector is critical in the aftermath of significant events like hurricanes, with companies like ICF playing a vital role in recovery efforts [5] - ICF's approach spans the entire disaster lifecycle, from damage assessments to public engagement and implementation, highlighting the comprehensive nature of its services [5] - The use of innovative technologies, such as drones for damage assessment, reflects a trend in the industry towards more efficient and effective recovery processes [3]
Here's Why ICF International (ICFI) is a Strong Momentum Stock
ZACKS· 2025-01-21 15:51
Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to assist investors in selecting stocks with the highest potential to outperform the market within a 30-day timeframe [3] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5][6][7] - Value Score emphasizes identifying undervalued stocks using financial ratios [4] - Growth Score focuses on a company's financial health and future growth potential [5] - Momentum Score helps investors capitalize on price trends and earnings outlook changes [6] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [7] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify stock selection [8] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [10] Company Spotlight: ICF International - ICF International, headquartered in Fairfax, VA, offers professional services and technology solutions to government and commercial clients across various sectors [12] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong investment potential [13] - ICFI's shares have increased by 8.9% over the past four weeks, supported by a positive earnings estimate revision for fiscal 2024 [13] - With a solid Zacks Rank and favorable Style Scores, ICFI is recommended for investors' consideration [14]
Does ICF (ICFI) Have the Potential to Rally 39.89% as Wall Street Analysts Expect?
ZACKS· 2025-01-15 15:55
Core Viewpoint - ICF International (ICFI) shares have increased by 2.1% recently, with a mean price target of $180.50 suggesting a potential upside of 39.9% from the current price of $129.03 [1] Price Targets - The mean estimate consists of four short-term price targets with a standard deviation of $34.20, indicating variability among analysts [2] - The lowest estimate of $140 suggests an 8.5% increase, while the highest estimate predicts a surge of 72.8% to $223 [2] Analyst Consensus and Earnings Estimates - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 0.8%, with one estimate moving higher and no negative revisions [10] Zacks Rank - ICFI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Price Target Reliability - While consensus price targets are often sought after, they can mislead investors, and analysts may set overly optimistic targets due to business incentives [5][6] - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price movement [7]
ICF (ICFI) Soars 3.3%: Is Further Upside Left in the Stock?
ZACKS· 2025-01-15 13:36
Core Insights - ICF International (ICFI) shares increased by 3.3% to $129.03, contrasting with a 0.8% loss over the past four weeks, driven by growth in its client base across energy, environmental infrastructure, and disaster recovery sectors [1] - The company is expected to report quarterly earnings of $1.86 per share, reflecting a year-over-year increase of 10.7%, with revenues projected at $494.1 million, up 3.3% from the previous year [2] - The consensus EPS estimate for ICF has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Company Performance - ICF's recent stock price increase is attributed to sustained demand from commercial energy clients, enhancing its growth prospects [1] - The stock currently holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence [3] - In comparison, Maximus (MMS), another company in the same industry, also holds a Zacks Rank of 1 and has shown a 0.1% increase in its stock price [3][4] Industry Context - ICF operates within the Zacks Government Services industry, which is experiencing positive momentum, as evidenced by the performance of peer companies like Maximus [3] - The correlation between earnings estimate revisions and stock price movements suggests that monitoring these trends is crucial for assessing future performance [2]
DHS Awards ICF New $40M Digital Engagement Task Order
Prnewswire· 2025-01-13 21:05
Core Insights - The U.S. Department of Homeland Security's Center for Countering Human Trafficking awarded a $40 million contract to ICF for strategic and digital communications to combat human trafficking, with a term of up to five years [1][2][3] Group 1: Contract Details - The contract aims to create and promote national campaigns to raise awareness about human trafficking indicators among law enforcement, industry, and the public [2][3] - ICF will oversee marketing initiatives for the Blue Campaign and provide strategic communications support to the CCHT [3] Group 2: Organizational Commitment - ICF emphasizes the use of technology and strategic communications to address community challenges, aiming to drive awareness and empower stakeholders in combating human trafficking [4] - The company develops programs and resources to support victims of crime and those who assist them, leveraging a diverse team of strategists, marketers, and data scientists [4][6] Group 3: CCHT Overview - The CCHT's mission is to enhance law enforcement operations against human trafficking, protect victims, and improve prevention efforts through coordinated efforts across DHS [7] - The CCHT is the first unified center for countering human trafficking and forced labor, comprising 16 supporting offices and components [7]
ICF Acquires Applied Energy Group from Ameresco, Inc.
Prnewswire· 2025-01-07 21:05
Accretive Transaction of Leading Energy Technology Provider Expands ICF's Utility and State & Local Government CapabilitiesDivestiture Allows Ameresco to Focus on Core Projects, Asset and O&M Businesses RESTON, Va. and FRAMINGHAM, Mass., Jan. 7, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and technology services provider, today announced it has acquired Applied Energy Group (AEG), a leading energy technology and advisory services company with over 100 utility management and demand-side energ ...
ICF (ICFI) Loses -10.33% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-01-06 15:46
A downtrend has been apparent in ICF International (ICFI) lately with too much selling pressure. The stock has declined 10.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, f ...
ICFI Benefits From Buyout Strategy and Strong Liquidity Position
ZACKS· 2024-12-11 18:05
ICF International, Inc. (ICFI) is benefiting from the expansion of its commercial business. Acquisitions are an important element in the company’s growth strategy. A solid liquidity position enables the company to pay off short-term obligations effectively.ICFI reported mixed third-quarter 2024 results. Quarterly earnings per share of $2.13 beat the Zacks Consensus Estimate by 17.7% and gained 17.7% from the year-ago reported figure. Total revenues of $517 million missed the Zacks Consensus Estimate by 2.9% ...
Here is Why Growth Investors Should Buy ICF (ICFI) Now
ZACKS· 2024-11-04 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks wit ...
ICF (ICFI) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-11-04 18:05
ICF International (ICFI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The powe ...