Bear of the Day: FTI Consulting (FCN)

FTI Consulting’s (FCN) third quarter 2010 earnings were below the Zacks Consensus Estimate. The company’s corporate/restructuring segment remains a drag on its growth due to softer trend in restructuring activities and a slowdown in new cases.

The company is also experiencing a tepid pace of recovery in the Merger & Acquisition markets. Overall, the near-term visibility remains unclear, as demand environment for practices remains uncertain given the current market volatility and clients cautious aggregate spending.

Going forward, we remain skeptical about the growth prospects of the company. Hence, we maintain an Underperform rating on the stock.

FTI CONSULTING (FCN): 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.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*