ICF International Inc (ICFI) stock experienced a pre-market plunge of 5.97% on Friday, following the company's Q4 2024 earnings report and guidance for 2025 that disappointed investors.
While the company's Q4 non-GAAP earnings beat analyst estimates slightly, its revenue for the quarter missed expectations. More importantly, ICF International's guidance for Q1 2025 and the full year 2025 raised concerns among investors.
For the first quarter of 2025, the company's earnings guidance range of $1.70 to $1.80 per share fell short of the analyst estimate of $1.87. Additionally, the revenue guidance range of $480 million to $500 million also missed the analyst projection of $525.7 million.
Furthermore, ICF International warned that its 2025 revenue and non-GAAP earnings could be flat or decline by up to 10% compared to 2024 levels. The company cited the potential loss of business primarily from federal government clients as the "maximum downside risk" during this transition year.
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