InvestorsHub Logo
Followers 77
Posts 30284
Boards Moderated 85
Alias Born 03/22/2005

Re: None

Tuesday, 04/18/2023 11:50:39 PM

Tuesday, April 18, 2023 11:50:39 PM

Post# of 448
Icon Plc (ICLR) - >>> Flexibility is the key for Icon

Icon has roughly 41,000 employees across 111 locations in 53 countries. The company has increased annual revenue by 479% over the past decade and doesn't seem to be slowing down. Over the same period, net income rose 392%, despite a massive drop during the pandemic years, and seems to have recovered fully.

For 2022, Icon's revenue rose by an impressive 41% from the previous year, to $7.7 billion. The company also saw a massive improvement in earnings, with diluted earnings per share (EPS) clocking in at $6.13, from $2.25 in 2021, a mouth-watering 172% increase.

The company's successful One Search Tool, which uses artificial intelligence to determine ideal trial locations, has helped it grow the business. A bigger key has been the company's flexibility. Instead of a one-size-fits-all approach, it will provide full-scale CRO services or a hybrid model, depending on the company.

This year, Icon's management guided revenue to grow between 2.6% to 7.7% to the range of $7.94 billion to $8.34 billion, representing a year-over-year increase of 2.6% to 7.7%.

With net income growth on the road to full recovery (as seen in the above chart), Wall Street analysts expect Icon to generate 14% earnings growth annually over the next five years. If the stock's price-to-sales ratio of 2.2, and price-to-earning ratio of 34 -- both relatively inexpensive from a historical standpoint -- remain constant, a 10% rise in the stock price should easily happen this year.



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.