Analysts Estimate Icon PLC (ICLR) to Report a Decline in Earnings: What to Look Out for

Company Overview - Icon PLC (ICLR) is expected to report a year-over-year decline in earnings, with a projected EPS of $3.18, reflecting a decrease of 15.2% compared to the previous year [3] - Revenues for the quarter are anticipated to be $1.98 billion, down 6.4% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4] - The Most Accurate Estimate for Icon PLC is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.38%, suggesting a bearish sentiment among analysts [12] Earnings Surprise History - In the last reported quarter, Icon PLC had an EPS expectation of $3.08 but delivered $3.19, resulting in a positive surprise of 3.57% [13] - Over the last four quarters, the company has beaten consensus EPS estimates three times [14] Industry Context - In the Zacks Medical Services industry, Medpace (MEDP) is expected to post earnings of $3 per share, indicating a year-over-year increase of 9.1% [18] - Medpace's revenue is projected to be $541.19 million, up 2.5% from the previous year, although its consensus EPS estimate has been revised down by 0.8% over the last 30 days [19]