NASDAQ$CRAI
CRA International Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
CRA's financial performance was marked by a revenue decline but growth in key practices and international operations, alongside a dividend increase.
Charles River Associates (CRA) reported a slight decrease in revenue for Q3 2023, but experienced double-digit revenue growth in Forensic Services and Life Sciences practices. The company increased its quarterly dividend by 17% despite macroeconomic uncertainty.
- Revenue declined by 0.6% year-over-year to $147.6 million.
- Net income decreased by 27.6% year-over-year to $8.6 million.
- Earnings per diluted share decreased by 25.8% year-over-year to $1.21.
- The company increased its quarterly cash dividend by 17% to $0.42 per common share.
Headline financials
Revenue & EPS history
CRA · Revenue · Quarterly
$148M
Forward guidance
CRA lowered its revenue and profit guidance for full-year fiscal 2023 due to macroeconomic uncertainties. The company expects revenue in the range of $610.0 million to $620.0 million and a non-GAAP EBITDA margin in the range of 10.3% to 10.7% on a constant currency basis.
Tailwinds
- Confident in CRA’s overall competitive position.
- Decision to raise quarterly cash dividend by 17%.
- Company to Host Investor Day on November 29, 2023
- Presentations from members of the Company’s Antitrust & Competition Economics, Forensic Services and Life Sciences practices.
- A live webcast will be available on the “Investor Relations” section of CRA’s website.
Headwinds
- Unexpected slowdown in new project originations.
- Higher than expected headcount.
- Lingering uncertainties across the broader economy.
- Macroeconomic headwinds can affect our business.
- Geopolitical 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 Q3 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% | — | — |
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