TechnipFMC(FTI) ZACKS·2025-01-17 17:06Group 1 - The core viewpoint is that FTI Consulting, Inc. (FCN) is experiencing top-line growth driven by diversification and international operations, although rising expenses are negatively impacting profitability [1][2][3] - The Zacks Consensus Estimate for FCN's earnings in 2024 is 8.6 per share, indicating a 6.5% year-over-year growth [1] - International operations contributed nearly 37% of FCN's revenues in 2023, showcasing the company's diverse offerings and global reach as key differentiators from competitors [2] Group 2 - Demand for FCN's services is expected to rise due to increasing regulatory scrutiny and corporate litigation, as companies seek to protect intellectual property and engage in restructuring activities [3] - FTI Consulting has a strong balance sheet with $386 million in cash and cash equivalents and no debt as of September 30, 2024, allowing for potential investments in growth initiatives [4] - The company's liquidity is robust, with a current ratio of 2.09, significantly above the industry average of 1.25, indicating efficient short-term debt coverage [5] Group 3 - FCN's operating expenses have surged, with a year-over-year increase of 10.6% in 2022 and 14.2% in 2023, which may deter investments and affect profitability [7] - The company has not declared dividends and does not plan to do so, which may dissuade dividend-seeking investors from purchasing its stock [8] - FCN currently holds a Zacks Rank of 3 (Hold), while competitors like CRA International, Inc. and Cintas Corporation have better rankings of 2 (Buy) [9][10]