ICF International Q1 Adj $1.77 Beats $1.46 Estimate, Sales $494.44M Beat $487.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
ICF International (NASDAQ:ICFI) reported Q1 earnings of $1.77 per share, surpassing the $1.46 estimate, a 24.65% increase from last year. Sales reached $494.44M, beating the $487.93M estimate, marking a 2.31% increase from the previous year.
May 02, 2024 | 11:58 am
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ICF International reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $1.77 and sales at $494.44M.
Beating both earnings and sales estimates significantly, especially by 21.23% for earnings per share, indicates strong financial health and operational efficiency. This outperformance, particularly when it represents growth from the previous year, is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100