NASDAQ$CRAI

CRA International Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Broad-based contributions drove 16.1% revenue growth year over year.

Charles River Associates reported the highest quarterly revenue in the company's history, increasing 16.1% year over year to $146.5 million. Net income increased 62.4% year over year to $10.5 million, and earnings per diluted share increased 67.5% year over year to $1.34.

  • Revenue grew 16.1% year over year to $146.5 million.
  • Utilization was 76%, and quarter-end headcount increased 4.8% year over year.
  • Net income increased 62.4% year over year to $10.5 million, or 7.2% of revenue.
  • Earnings per diluted share increased 67.5% year over year to $1.34.

Headline financials

Total Revenue

$147M

Previous: $126M+16.1%
EPS (adj)

$1.37

Previous: $0.84+63.1%
Utilization

76.0%

No prior period
Headcount growth

4.8%

Previous: 16.3%-70.6%
Capital Expenditures

-$692K

Previous: -$7.95M+91.3%
Free Cash Flow

$9.81M

Previous: -$1.48M+762.3%
Net Income

$10.5M

Previous: $6.47M+62.4%
Operating Income

$14.6M

Previous: $8.1M+80.8%
Gross Profit

-$105M

Previous: -$91M-15.8%
Cash & Equivalents

$31.6M

Previous: $15.8M+100.0%
Total Assets

$543M

Previous: $550M-1.4%

Revenue & EPS history

CRA · Revenue · Quarterly

$147M

Q1 2021+16.1%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the full-year fiscal 2021, on a constant currency basis relative to fiscal 2020, we now expect revenue in the range of $550 million to $570 million, and non-GAAP EBITDA margin in the range of 10.0% to 10.5%.

Headwinds

  • Uncertainties around global economic conditions can affect our business.
  • Uncertainties around global business conditions can affect our business.
  • Uncertainties around global health conditions can affect our business.
  • Uncertainties around global political conditions can affect our business.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.1%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+2.5%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+20.0%

Q3 2019

Best reaction

-20.2%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025+2.6%-7.9%-4.6%
Q4 2025+4.2%+15.4%-4.4%
Q3 2025+3.4%+5.7%-1.0%
Q4 2024+11.4%+3.2%-7.1%
Q3 2024-4.2%-3.1%+0.4%
Q2 2024-12.3%-11.5%-3.5%
Q1 2024+2.9%+8.2%+17.7%
Q4 2023+10.6%+15.2%+26.8%
Q3 2023-11.8%-5.6%-0.6%
Q2 2023+4.7%+3.9%+6.6%
Q1 2023-6.9%-9.2%-6.9%
Q4 2022-11.7%-6.9%-13.8%
Q3 2022+13.3%+14.8%+19.1%
Q2 2022-5.9%-11.1%-10.9%
Q1 2022-1.0%-4.9%+3.1%
Q4 2021-1.2%-4.9%-5.6%
Q3 2021-19.8%-18.9%-20.8%
Q2 2021+9.8%+8.5%+14.0%
Q1 2021+3.3%-0.6%+1.6%
Q4 2020+12.1%+18.6%+27.2%
Q3 2020+6.6%+15.4%+22.1%
Q2 2020+5.4%+6.7%+10.2%
Q1 2020-1.8%-6.8%-2.3%
Q4 2019-2.3%-2.4%-34.2%
Q3 2019+20.0%+20.6%+19.3%
Q2 2019-6.2%-4.2%-10.4%
Q1 2019-20.2%-17.6%-28.2%
Q4 2018+13.5%+11.7%+14.3%
Q3 2018+3.9%+6.5%+15.7%
Q2 2018+1.9%+1.9%+5.6%
Q1 2018+1.2%+0.9%-2.0%
Q4 2017+8.5%+8.4%+19.6%
Q3 2017+2.2%+1.8%+9.0%
Q2 2017+14.0%+11.2%+3.0%
Q1 2017-6.5%-7.1%-3.1%
Q4 2016-0.7%+0.0%-1.5%
Q3 2016+8.3%+9.3%+18.8%
Q2 2016+5.2%+2.6%+0.9%
Q1 2016+10.3%
Q4 2015-2.2%
Q3 2015-1.4%
Q2 2015-3.4%
Q1 2015+2.6%
Q4 2014+6.1%
Q3 2014+6.8%
Q2 2014+3.4%
Q1 2014+2.8%
Q4 2013-2.6%
Q3 2013+3.0%
Q2 2013-0.6%
Q1 2013+2.1%
Q4 2012-0.1%
Q3 2012-0.3%
Q2 2012+0.7%
Q1 2012-0.2%
Q4 2011-2.6%
Q3 2011-1.4%
Q2 2010-5.3%
Q2 2011-5.3%
Q1 2011-2.6%
Q4 2010-0.3%
Q3 2010+4.2%
Q1 2009+0.1%

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