FTI Consulting (FCN) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - FTI Consulting reported revenue of $926.02 million for the quarter ended September 2024, reflecting a year-over-year increase of 3.7% [1] - The company's EPS was $1.85, down from $2.34 in the same quarter last year, indicating a decline in profitability [1] - Revenue fell short of the Zacks Consensus Estimate of $940.14 million, resulting in a surprise of -1.50% [1] - The EPS also missed the consensus estimate of $2.06, with a surprise of -10.19% [1] Revenue Performance by Segment - Revenue-Generating Headcount: 6,659, exceeding the average estimate of 6,620 [1] - Revenues from Technology: $110.40 million, below the estimated $114.10 million, but up 11.7% year-over-year [1] - Revenues from Strategic Communications: $83.29 million, below the estimated $85.90 million, down 4.1% year-over-year [1] - Revenues from Corporate Finance & Restructuring: $341.51 million, slightly above the estimated $340.30 million, down 1.7% year-over-year [1] - Revenues from Economic Consulting: $222.03 million, exceeding the estimated $220.22 million, up 14.5% year-over-year [1] - Revenues from Forensic and Litigation Consulting: $168.78 million, below the estimated $179.44 million, up 1.6% year-over-year [1] Stock Performance - FTI Consulting shares have returned +0.9% over the past month, compared to the S&P 500 composite's +1.5% change [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]