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.