NASDAQ$CRAI
CRA International Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
CRA delivered record quarterly revenue driven by broad-based contributions across its portfolio and increased profit guidance.
Charles River Associates (CRA) reported an 8.6% year-over-year increase in revenue, reaching a record $162.0 million for the second quarter of 2023. The growth was attributed to broad-based contributions across the portfolio, with seven of 11 practices growing year over year. The company also increased its profit guidance and raised the lower end of its revenue guidance for the full year fiscal 2023.
- Revenue grew 8.6% year over year to $162.0 million.
- Utilization was 72%, and quarter-end headcount increased 12.5% year over year.
- Net income decreased 18.3% year over year to $9.5 million.
- Non-GAAP earnings per diluted share increased 2.2% year over year to $1.42.
Headline financials
Revenue & EPS history
CRA · Revenue · Quarterly
$162M
Forward guidance
For full-year fiscal 2023, on a constant currency basis relative to fiscal 2022, CRA expects revenue in the range of $625.0 million to $640.0 million and non-GAAP EBITDA margin in the range of 11.0% to 11.7%.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro