5 Best Consulting Stocks to Buy Now

In this article, we will take a look at the 5 best consulting stocks to buy now. To see more such companies, go directly to 13 Best Consulting Stocks to Buy Now.

5. FTI Consulting, Inc. (NYSE:FCN)

Number of Hedge Fund Holders: 38

Management consulting firm FTI Consulting, Inc. (NYSE:FCN) ranks 5th in our list of the best consulting stocks to buy according to hedge funds. FTI Consulting, Inc. (NYSE:FCN) recently posted its first-quarter results, according to which its GAAP EPS in the period came in at $1.34, missing estimates by $0.33. Revenue increased by about 11.5% year over year to reach $806.7 million, beating estimates by $11.26 million.

In its latest earnings call, FTI Consulting, Inc. (NYSE:FCN) talked about its guidance and impact of some important developments on its business. Here’s what FTI Consulting, Inc. (NYSE:FCN) said:

“Despite the weaker-than-expected results in Q1, we are not changing our guidance. Our expectations for the year are shaped by several assumptions, including the following: first, restructuring activity continues to strengthen, both in the United States and overseas, which was reflected in a 6% sequential increase in restructuring revenues compared to 4Q 2022; second, while we expect M&A activity in 2023 to remain slower than in 2022, we expect a pickup from the near record low levels seen in Q1 over the coming quarters, which would positively impact our Economic Consulting and Technology segments and our transactions business in Corporate Finance; third, we expect to recognize certain revenue deferrals in economic consulting in the coming quarters; fourth, we expect momentum to continue to build in our forensic and litigation consulting business.”