ICF International Second Quarter 2024 Earnings: Beats Expectations

ICF International (NASDAQ:ICFI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$512.0m (up 2.4% from 2Q 2023).
• Net income: US$25.6m (up 26% from 2Q 2023).
• Profit margin: 5.0% (up from 4.1% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.37 (up from US$1.08 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ICF International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 11% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with ICF International, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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