FTI Consulting (FCN), based in Washington D.C., provides advice for corporate restructurings — including bankruptcy, capital formation, indebtedness and interim business management, notes breakout stock specialist Leo Fasciocco, editor of Ticker Tape Digest.

The company operates in five areas: corporate finance and restructuring, litigation consulting, economic consulting, technology and strategic communications. It works with chief financial officers and their finance and accounting units. Annual revenues are $2 billion.

This year, analysts are forecasting a 36% surge in net to $5.42 a share from the $4 the year before. The stock sells with a price-earnings ratio of 20.

Net for the third quarter is expected to rise a modest 3% to $1.03 a share from the $1 the year before. Then in the fourth quarter net should climb 25% to $1.04 a share from the 83 cents the year before.

Looking out to 2020, the Street is forecasting a more modest 2% rise in net to $5.55 a share from the anticipated $5.42 this year.

Just two analysts follow the stock. However, FCN has topped the quarterly consensus estimate the past four quarters by 78 cents a share, 63 cents, 32 cents and 43 cents. That is impressive.

The stock had a significant long-term breakout in 2018 and has since driven sharply higher. FCN climbed from $80 back in May to a peak near $108 by August.

The stock just broke out of a five-week base and moved to a new all-time high. We see potential for more on the upside.We are targeting the stock for a move to $125 a share. A protective stop can be placed near $102.

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