A month has gone by since the last earnings report for Icon PLC (ICLR). Shares have lost about 12.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Icon PLC due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
ICLR Q3 Earnings and Revenues Top Estimates
ICON plc posted third-quarter 2025 adjusted earnings per share of $3.31, down 1.2% from the year-ago period’s reported figure. However, the metric surpassed the Zacks Consensus Estimate by 0.9%.
The company reported GAAP EPS of 3 cents compared with $2.36 a year ago.
ICLR’s Q3 Revenues
Total revenues increased 0.6% year over year to $2.04 billion. The figure was down 1% on a constant-currency (CER) basis. The metric surpassed the Zacks Consensus Estimate by 3%.
Gross business wins in the quarter amounted to $2.30 billion, and cancellations totaled $901 million. This resulted in net business wins of $2.09 billion and a book-to-bill of 1.02.
Updated ICLR’s 2025 Guidance
The company updated its full-year 2025 guidance, now expecting revenues in the band of $8.05-$8.10 billion (earlier $7.85-$8.15 billion). The Zacks Consensus Estimate for the metric is currently pegged at $8.07 billion.
Adjusted EPS for the year is anticipated to be in the range of $13.00-$13.20 (earlier $13.00-$14.00). Meanwhile, the Zacks Consensus Estimate for ICON’s earnings is pegged at $13.09 per share.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -5.2% due to these changes.
VGM Scores
At this time, Icon PLC has a average Growth Score of C, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Icon PLC has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
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ICON PLC (ICLR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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