Charles River Associates CRAI will report third-quarter 2020 results on Oct 29, before the bell.
The company’s earnings surprise history has been impressive. It delivered an earnings surprise of 31.1% in the last four quarters, on average.
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $119.8 million, indicating growth of 3.5% from the year-ago reported figure. Continued strength across Finance, Forensic Services, Life Sciences, Labor & Employment and Risk, and Investigations & Analytics practices is expected to have contributed significantly to the top-line growth. In the second quarter of 2020, Charles River’s revenues increased 11.3% year over year.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 55 cents, indicating a decline of 44.9% from the year-ago reported figure. In the second quarter of 2020, Charles River’s EPS increased 9.6% year over year.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Charles River this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Charles River has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks That Warrant a Look
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 on earnings his season.
Aptiv APTV has an Earnings ESP of +13.04% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Republic Services RSG has an Earnings ESP of +1.93% and a Zacks Rank #3.
Waste Connections WCN has an Earnings ESP of +0.32% and a Zacks Rank #3.
Charles River Associates Price and EPS Surprise
Charles River Associates price-eps-surprise | Charles River Associates Quote
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
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
Charles River Associates (CRAI): Free Stock Analysis Report
Republic Services, Inc. (RSG): Free Stock Analysis Report
Waste Connections, Inc. (WCN): Free Stock Analysis Report
Aptiv PLC (APTV): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.