ICF InternationalNASDAQ: ICFI

ICF International (ICFI) is benefiting from the rising demand for advisory services and growth via acquisitions.

ICF (ICFI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

ICF International (ICFI) focuses on innovative solutions and expansion to bolster its global presence. However, rising expenses are a concern.

ICF International, Inc. (NASDAQ:ICFI) Q1 2024 Earnings Conference Call on May 2, 2024 at 8:30 AM ET. Company Participants include Lynn Morgen (Investor Relations), John Wasson (Chair and CEO), Barry Broadus (CFO), and James Morgan (COO). Conference Call Participants are Sam Kusswurm (William Blair), Jack Wilson (Truist Securities), and Marc Riddick (Sidoti). Operator Liz welcomes everyone to the call.

While the revenue and EPS of ICF (ICFI) provide an indication of its performance in the quarter ending March 2024, it is important to also evaluate how certain important metrics stack up against Wall Street forecasts and the previous year's figures.

ICF International (ICFI) reported quarterly earnings of $1.77 per share, surpassing the Zacks Consensus Estimate of $1.44 per share. This is an increase from earnings of $1.42 per share in the same quarter last year.

ICF (ICFI) has been upgraded to a Zacks Rank #2 (Buy), indicating increased confidence in the company's potential for earnings growth. This could lead to a rise in the stock price in the short run.

At Zacks, we primarily prioritize the established Zacks Rank system, which highlights earnings estimates and revisions to identify top-performing stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight solid investment choices.

Past and future acquisitions are expected to contribute to the growth of ICF International's (ICFI) EBITDA and free cash flow.