ICFI - ICF International, Inc - blew away fourth-quarter earnings - lifted its forecast for 2007

ICFI has only been public since September, but things are certainly moving in the right direction. Earnings estimates for this year have rocketed higher over the past week, gaining 23 cents to $1.34 per share. Even with the latest surge in the stock, it is still trading at a price/book ratio of 2.2, below the industry average. The stock is also cheap on a price/earnings basis, trading at 12.9x next year's estimates. Full Analysis ICF International, Inc. (ICFI) and its subsidiaries provide management, technology, and policy consulting and implementation services primarily to the U.S. federal government, as well as to other government, commercial, and international clients. Its services primarily address defense and homeland security; energy; environment and infrastructure; and health, human services, and social programs markets. The company's advisory and management consulting services include needs and markets assessment, policy analysis, strategy and concept development, change management strategy, enterprise architecture, and program design. Its implementation services include information technology solutions, project and program management, project delivery, strategic communications, and training. ICFI said last week one of its units received a five-year, $22.1 million contract to provide consulting services on how to allocate federal resources to best protect U.S. infrastructure. The Department of Homeland Security's Office of Infrastructure Protection awarded the pact. ICF said it will provide management, analytical and technical consulting on how government resources should be deployed to "offer the most benefit for mitigating risk" of terrorist attacks on national infrastructure. The stock got a huge boost after the company blew away fourth-quarter earnings and lifted its forecast for all of 2007. Quarterly earnings totaled $9.2 million, or 65 cents per share, compared with a prior-year loss of $1 million, or 11 cents per share. Wall Street, on average, expected quarterly earnings of 31 cents per share. Revenue surged to $113.9 million from $51.8 million, compared with analysts' expectations of $100 million. ICFI has only been public since September, but things are certainly moving in the right direction. Earnings estimates for this year have rocketed higher over the past week, gaining 23 cents to $1.34 per share. Even with the latest surge in the stock, it is still trading at a price/book ratio of 2.2, below the industry average. The stock is also cheap on a price/earnings basis, trading at 12.9x next year's estimates. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home