NCI (NCIT) Updates Q4 Earnings Guidance
NCI (NASDAQ:NCIT) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.09-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.06, AnalystRatings.Net reports. The company issued revenue guidance of $67-73 million, compared to the consensus revenue estimate of $66.01 million.
Shares of NCI (NASDAQ:NCIT) traded down 0.77% during mid-day trading on Tuesday, hitting $5.13. The stock had a trading volume of 15,150 shares. NCI has a 1-year low of $4.02 and a 1-year high of $7.64. The stock has a 50-day moving average of $5.26 and a 200-day moving average of $4.75. The company’s market cap is $66.3 million.
NCI (NASDAQ:NCIT) last released its earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $72.94 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. On average, analysts predict that NCI will post $0.45 earnings per share for the current fiscal year.
On a related note, analysts at Zacks upgraded shares of NCI from a neutral rating to an outperform rating in a research note to investors on Thursday, October 3rd. They now have a $6.10 price target on the stock.
NCI, Inc (NASDAQ:NCIT) is a provider of information technology (IT), engineering, logistics, and professional services and solutions to Federal Government agencies.
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