NCI (NCIT) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS
NCI (NASDAQ:NCIT) announced its earnings results on Wednesday. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.06, Analyst RN reports. The company had revenue of $79.90 million for the quarter, compared to the consensus estimate of $70.18 million. During the same quarter last year, the company posted $0.15 earnings per share. NCI’s revenue was down 10.9% compared to the same quarter last year.
Shares of NCI (NASDAQ:NCIT) traded down 1.04% on Wednesday, hitting $7.61. 8,603 shares of the company’s stock traded hands. NCI has a 1-year low of $4.10 and a 1-year high of $7.72. The stock’s 50-day moving average is $6.86 and its 200-day moving average is $5.96. The company’s market cap is $98.4 million.
On the ratings front, analysts at Zacks downgraded shares of NCI from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $7.00 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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