Navigant Consulting Sees 2016 Earnings In Line; Revenues Above View

(RTTNews) - While reporting its fourth-quarter financial results today, Navigant Consulting Inc. (NCI) provided financial outlook for fiscal 2016. The company projects earnings for the year in line with analysts' estimates and revenues above their expectations.

For fiscal 2016, Navigant forecasts revenue before reimbursements to range between $900 million and $940 million, while total revenues are estimated to be between $960 million and $1.01 billion.

The company also projects adjusted EBITDA for the year to range between $132 million and $145 million, and adjusted earnings per share in a range of $1.05 to $1.15.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.10 per share for the year on revenues of $882.19 million. Analysts' estimates typically exclude special items.