Bear of the Day: CRA International

CRA International’s (CRAI) third quarter earnings were in line with the Zacks Consensus Estimate, although clients cautious on aggregate spending and a decline in organic revenue are expected to limit the company’s growth.

Overall, near-term visibility remains unclear, given the current volatile market trends. Despite showing some improvement, litigation trend remains sluggish.

Going forward, we remain skeptical about the growth prospects of the company. Hence, we downgrade the stock from Neutral to Underperform.

CRA INTL INC (CRAI): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.


Be the first to comment

Leave a Reply

Your email address will not be published.