Last week, the American Wind Energy Association held a webinar that went through a study by Navigant Consulting, pointing to the many ways passing a national renewable electricity standard would lead to an economic boon across the U.S. It seems that the FOXNews message that a climate change bill would hurt job growth is untrue (Surprised?) Paired with rigorous renewable energy standards, Navigant Consulting suggests that 274,000 blue collar construction jobs could be added in areas of the country that need both jobs and renewable energy. While Navigant based its assumptions on the big "if" that climate change legislation passes both houses, however its study should increase the momentum toward such a result. The bad news is that without a climate change/ increased renewable energy standard combination, all states will see renewable energy jobs cut between the years 2010 and 2025, with the heaviest losses in California .
Further enhancing its Clean Energy Advisor position in the energy market, on Monday, Navigant Consulting Inc ( NCI , Analyst Report ) announced the purchase of Summit Blue Consulting LLC, a leading energy industry consulting firm. However, the terms and details of the transaction remain undisclosed Navigant's purchase decision appears appreciative as Summit Blue, since its inception in 2000, focuses in helping organizations to take viable energy investments and operation decisions
when you really start to see the benefits come in," analyst Kevane Wong of JMP Securities said. Navigant, which is currently working with British bank Northern Rock on dealing with the legal aftermath of its takeover by the British government, gets about 50 percent of its total revenue from handling government probes. It also helps clients manage legal disputes with other companies. While the potential boom in government regulatory work signals a bright medium term outlook for the consulting firms, it is disappointing to some who had hoped to see a boomlet of such business as soon as this year.
* Strong 2010 earnings expected By Sweta Singh NEW YORK, (Reuters) , Expanded regulation of the U.S financial sector could prove a bonanza in 2010 for Navigant Consulting Inc ( NCI.N ) and other firms that help companies handle investigations. Navigant and rivals Huron Consulting Group Inc ( HURN.O ), FTI Consulting Inc ( FCN.N ) and CRA International Inc ( CRAI.O ) provide experts, including lawyers, to help companies deal with regulatory probes. "A shared view among many investors is that changing regulatory landscape and the building amount of litigation should be increasing the amount of work for consulting companies," said Timothy McHugh of William Blair & Co. The Obama administration's proposed budget for fiscal 2010 would boost the U.S. Securities and Exchange Commission's budget by nearly 7 percent, giving it more funds to investigate companies. The SEC is also expected to tighten oversight of corporate governance, mutual funds and scrutiny of investment advisers.
Shares of sell rated Navigant Consulting ( NCI , Analyst Report ) tumbled yesterday , after the company released earnings that fell well short of the Street's expectations and issued guidance below the current consensus view. The company reported earnings that were 6 cents below the consensus estimate, and posted revenues that were down nearly 18% year over year. Utilization in the quarter was down to 73%, versus 75% in the first quarter of 2009 and 79% in the year ago period.
Navigant Consulting NCI reported first quarter results that were slightly below our expectations. The difference had no significant impact on our valuation, and we are maintaining our fair value estimate. Total revenue fell 9% from the year ago quarter, with currency effects accounting for half of the decline.
"I used to tell the story," Navigant Chairman and CEO William Goodyear said Tuesday in a conference call, "that about the only people who smiled with the Big Dig were the guys who went down into the tunnel every day and played cards and then came up at 5 o'clock-and Navigant." Joe Alkire, an analyst with William Blair & Company LLC, said the economic stimulus plan "plays to Navigant's sweet spot.". He explained, "I think there's the potential for a lot more disputes to arise with complex construction projects. They could also be one of the prime beneficiaries of increased spending on energy efficiency and green technology." The federal stimulus plan requires detailed reporting from companies seeking government contracts.
We are placing Navigant Consulting NCI under review as we reassess our assumptions and transfer coverage to a new analyst. The company reported mixed fourth-quarter and full-year results Tuesday. Navigant's dispute and investigative services benefited from the current credit turmoil, posting 5% growth in revenue, while its business consulting services suffered as clients cut their discretionary expenses and registered a 6% decline in revenue.
Tweet this
Sell-side
Blog
Credit
Industry