CRA Raises FY Revenue Outlook After Record Q2 Profit
CRAI sits 34% above its 52-week low of $132.17.
Summary
CRA delivered its highest second-quarter profit ever, with revenue up 12.8% to $210.8M and EPS surging 17.3% to $2.10. Broad-based strength saw eight practices grow, led by double-digit gains in Energy, Finance, and Life Sciences. Management raised full-year revenue guidance to $805M-$820M, above the prior $785M-$805M range, while reaffirming EBITDA margin targets. The company also raised its 2026 revenue guidance. The company bought back $27.8M in stock at an average $144 per share, signaling confidence. With a strong pipeline and international revenue up 33%, the raised outlook puts the stock in play for upward revisions.
At the time of this announcement, CRAI was trading at $176.99 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $132.17 to $227.29. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.