ICF International is a consulting services company that provides a range of strategic and technical support services to government and commercial clients
The firm specializes in areas such as digital transformation, public health, energy efficiency, and environmental management, leveraging data analytics and technology to develop tailored solutions. ICF's services include program implementation, policy analysis, and stakeholder engagement, aiming to help clients tackle complex challenges and enhance performance across various sectors. With a strong focus on sustainability and social impact, the company works to drive positive outcomes for communities and organizations alike.
Business services providers use their specialized expertise to help enterprises streamline operations and cut costs. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 2.3%. This drop mirrored the S&P 500’s decline.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how government & technical consulting stocks fared in Q4, starting with Booz Allen Hamilton (NYSE:BAH).
Let’s dig into the relative performance of Jacobs Solutions (NYSE:J) and its peers as we unravel the now-completed Q3 professional services earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how defense contractors stocks fared in Q3, starting with CACI (NYSE:CACI).
Over the last six months, ICF’s shares have sunk to $118.90, producing a disappointing 18.8% loss - a stark contrast to the S&P 500’s 9.7% gain. This might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at ICF (NASDAQ:ICFI) and the best and worst performers in the defense contractors industry.
Consulting and technology services company ICF International (NASDAQ:ICFI) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 3.1% year on year to $517 million. The company’s full-year revenue guidance of $2.02 billion at the midpoint came in 2.3% below analysts’ estimates. Its non-GAAP profit of $2.13 per share was 20.1% above analysts’ consensus estimates.
Canaccord analyst Joseph Vafi reiterated a Buy rating on digital asset stocks, including Cipher Mining Inc (NASDAQ: CIFR), HIVE Digital Technologies Ltd (NASDAQ: HIVE),
