What's Up for Charles River Associates (CRAI) in Q4 Earnings?

Charles River Associates CRAI is scheduled to report fourth-quarter 2018 earnings on Feb 28, before the market opens.

Strength across services and geographies are likely to boost Charles River Associates’ revenues.

Let's see how things are shaping up for the announcement.

Strength Across Services & Geographies to Drive Top Line

The Zacks Consensus Estimate for revenues in fourth-quarter 2018 is pegged at $103.20 million, indicating year-over-year growth of 6.4%. The top line is expected to benefit from strength across the company’s Antitrust & Competition Economics, Finance, Forensic Services, Labor & Employment, and Life Sciences practices. Solid global network (especially strength across North America and international operations) is another major positive.

In third-quarter 2018, the company’s revenues of $103.9 million increased 13.7% year over year.

Bottom-Line Expectations

The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 62 cents, indicating a year-over-year decline of 11.4%. In third-quarter 2018, adjusted earnings of 65 cents per share increased 58.5% year over year.

What Our Model Says

Note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 or 5 (Sell-rated) stocks are best avoided, especially when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

Charles River Associates has an Earnings ESP of 0.00% and it currently carries a Zacks Rank #3.

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.

Insperity NSP has an Earnings ESP of +3.72% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Advanced Disposal Services ADSW has an Earnings ESP of +16.28% and a Zacks Rank #2.

Interpublic IPG has an Earnings ESP of +27.27% and a Zacks Rank #3.

Is Your Investment Advisor Fumbling Your Financial Future?

See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”

Click to get it free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report
 
Charles River Associates (CRAI) : Free Stock Analysis Report
 
Insperity, Inc. (NSP) : Free Stock Analysis Report
 
Advanced Disposal Services Inc. (ADSW) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research