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FTI Consulting Raises Q2 Guidance

Zacks Equity Research

Global business advisory firm FTI Consulting, Inc (FCN) recently raised its guidance for second-quarter 2014 to better reflect the current market scenario. The company updated its prior revenue guidance for the second quarter of 2014 from $430 million – $445 million to $445.0 million – $450.0 million. Adjusted earnings per share were raised from the range of 32 cents – 42 cents to 49 cents – 55 cents for the quarter.

The company expects revenues for full-year 2014 to be in the range of $1.73 billion and $1.77 billion and adjusted EPS to be between $1.55 and $1.70. Management stated that adjusted EPS range reflects investments and expenses in the second half of 2014 in tune with its multi-year business plans. The guidance was factored in after taking into consideration the better-than-expected results in the Forensic and Litigation Consulting and Technology segments. FTI Consulting also introduced its medium-term growth targets, with adjusted EPS expected to be in the range of  $1.75 and $2.10 for 2015 and over $2.50 for 2016.

We believe FTI Consulting’s strategic investment program, multi-year review of business segments and a steady project pipeline will likely boost its performance going forward. FTI Consulting primarily caters to the needs of its global clients by providing financial advisory services. The company’s strategy to expand through acquisitions, particularly in the international markets, remains one of its key growth drivers.

Based in Baltimore, MD, FTI Consulting provides specialized consulting services across 26 foreign countries with a total headcount of more than 4,200 employees. The company has a team of highly qualified professionals who provide problem-solving and technology services primarily to major corporations, financial institutions and law firms.

FTI Consulting currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth a look now include The Hackett Group, Inc. (HCKT) , NV5 Holdings, Inc (NVEE) and Huron Consulting Group Inc (HURN), each carrying a Zacks Rank #2 (Buy)

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