Icon PLC

ICLR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$935.00	Gjwlky	Klrmntcv

ICON Earnings: Strong Outsourcing Demand Supports Long-Term Growth; Shares Fairly Valued

Rachel Elfman

Oct 26, 2023

Icon reported solid third-quarter results, highlighted by revenue exceeding $2 billion, representing an increase of nearly 6% from the prior-year period. We continue to have a positive outlook for the firm, and we maintain our fair value estimate of $243 per share. We reaffirm our narrow economic moat and Medium Uncertainty Ratings for Icon. We view shares as fairly valued, and the stock is currently trading in 3-star territory.

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