ICF International (ICFI) Q1 Earnings and Revenues Beat Estimates

By Zacks4 days ago

ICF International (ICFI) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 34.52%. A quarter ago, it was expected that this consulting and technology services provider would post earnings of $1.14 per share when it actually produced earnings of $1.36, delivering a surprise of 19.30%.

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Over the last four quarters, the company has surpassed consensus EPS estimates four times.

ICF, which belongs to the Zacks Government Services industry, posted revenues of $378.48 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 4.73%. This compares to year-ago revenues of $358.24 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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