ICFI - ICF International, Inc - Consensus estimates for this quarter and next are up 76.0% and 66.7%

Consensus earnings estimates have shot upward for ICF International, Inc. (ICFI) over the past 30 days. Earnings per share are projected to grow 15% over the next 3-5 years. The company announced two strategic acquisitions in January. This Zacks #1 Rank stock has a price-to-book ratio of 2.7, compared to 4.4 for the market. Its PEG ratio currently resides at 0.96. Full Analysis ICF International, Inc. and its subsidiaries provide management, technology and policy consulting and implementation services primarily to government, commercial and international clients. The company’s services primarily address energy; environment and infrastructure; health, human services, and social programs; and homeland security and defense markets. On Mar 20, ICFI reported fourth-quarter profits of $9.2 million, or 65 cents per share, compared with a prior-year loss of $1 million, or 11 cents per share. The result absolutely crushed the consensus estimate of 31 cents by 109.7%. Revenues soared to $113.9 million from $51.8 million. For the full year, profits came in at $11.9 million, or $1.10 per share, from $2 million, or 21 cents per share. Revenues rose to $331.3 million from $177.2 million. At the end of the fourth quarter, ICFI had a total backlog of $969 million versus a total backlog at the end of the third quarter of $317 million. Chairman and CEO Sudhakar Kesavan stated, "ICF entered 2007 with a solid backlog, and we are continuing to build our service capabilities across the full life cycle of client needs. Because of our recognized expertise, we see significant opportunities for growth across our markets, especially in homeland security, climate change, and energy. We also will continue to seek strategic acquisitions. As a result, we expect that 2007 will be a year of solid growth for ICF." Analysts are also optimistic about ICFI’s future prospects. Consensus estimates for this quarter and next are up 76.0% and 66.7%, respectively, over the past 30 days. Both of the covering analysts revised their estimates upward. Profit forecasts for this year and next have risen 39.6% and 21.9%, respectively, over the same period of time. Two analysts submitted upward revisions for this year, while one analyst followed suit for next year. Earnings per share are projected to grow 15% over the next 3-5 years. The company announced two acquisitions in January. On Jan 10, ICFI stated it will purchase Energy and Environmental Analysis, Inc., a 27-person consulting firm that specializes in energy market analyses, modeling, transportation and energy technology, and environmental advisory services. On Jan 23, the company announced the acquisition of Advanced Performance Consulting Group, a 29-person firm specializing in assisting federal agencies to improve business performance during times of increasing budget pressures, regulatory compliance requirements and technology-driven change. ICFI is currently trading at a valuation of 14.4x current fiscal-year estimated earnings and at 13.3x next fiscal-year estimated earnings. The market, as represented by the S&P 500, is trading at a valuation of 15.9x current fiscal-year estimated earnings and at 14.4x next fiscal-year estimated earnings. The company has a price-to-book ratio of 2.7, compared to 4.4 for the market. Its PEG ratio currently resides at 0.96. 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