Jefferies Comments On Reduced EPS Outlook On NCI

According to Jefferies, NCI NCIT EPS outlook is reduced. Jefferies said that, with potentially lower margins on the PEO Soldier bridge contract, combined with muted growth outside of passthrough revenues, we feel margins at NCI will remain below historical levels for a while. “With weak bookings this quarter and back-end loaded EPS guidance, we see neutral risk reward currently.” NCI closed yesterday at $24.10.