Overview
ICF Q3 revenue of $465 mln missed analyst expectations
Adjusted EPS for Q3 was $1.67, missing consensus estimates
Company expects revenue and earnings growth in 2026
Outlook
ICF maintains 2025 guidance framework despite government shutdown impact
ICF expects revenue and earnings growth to resume in 2026
ICF revises 2025 operating cash flow estimate to $125 mln-$150 mln
Result Drivers
COMMERCIAL ENERGY GROWTH - Revenue from commercial energy clients rose 24%, driven by strong demand for energy efficiency programs and expertise in grid resilience
MARGIN EXPANSION - Margin expansion was supported by a favorable revenue mix and cost management initiatives
IT MODERNIZATION CONTRACTS - Significant new business in IT modernization contributed to a strong book-to-bill ratio
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $465 mln | $487.42 mln (4 Analysts) |
Q3 Adjusted EPS | Miss | $1.67 | $1.74 (4 Analysts) |
Q3 EPS | $1.28 | ||
Q3 Net Income | $24 mln | ||
Q3 Adjusted EBITDA | Miss | $53.20 mln | $55.09 mln (4 Analysts) |
Q3 EBITDA | $52.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for ICF International Inc is $98.50, about 13.1% above its October 29 closing price of $85.59
Press Release: ID:nPn5lxCc1a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)