Analyst Consensus ?
ConsensusBuy36 ratings
Bullish2672.2%
Neutral1027.8%
Bearish00.0%
Charles River Laboratories International, Inc. · CRL · FY2025 Q1 · Calendar Q2 2025
Charles River raises 2025 outlook as DSA bookings improve
The quarter provides some evidence for a constructive medium-term case: stronger DSA bookings, a net book-to-bill ratio above 1x, alternative-methods growth, and cost actions support the outlook. That evidence is not conclusive because revenue still declined modestly and management continues to face pricing, funding, regulatory, and biotech-demand risks.
Reported Before market openNYSEHealthcare
$14.54B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.06
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $941.9M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+18.7%
Event window
SPY move
+0.4%
Same window
Abnormal move
+18.3%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
+3.1%
Up to 20 sessions
CRLSPY benchmark
Ask FN2 about CRL FY2025 Q1
Transcript, numbers and history already loaded
What drove CRL's +18.7% move after FY2025 Q1 earnings?What changed in CRL's guidance and outlook in FY2025 Q1?Give me the bull and bear case for CRL after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter's cautious outlook and expected 2025 revenue decline, management reported improved DSA bookings, a 1.04x net book-to-bill ratio, higher 2025 revenue and non-GAAP EPS guidance, and greater emphasis on non-animal methods. The strategic review and board changes add a capital-allocation dimension, while FDA and NIH developments sharpen the uncertainty around future demand.
Guidance delta
Management modestly raised 2025 revenue and non-GAAP EPS guidance after stronger-than-expected DSA performance.
Key takeaways
- Q1 revenue declined modestly, but DSA performance and a 1.04x net book-to-bill ratio indicated better near-term demand.
- Management identified non-animal methods as a growth area, with roughly $200 million of annual revenue from related capabilities.
- Cost reductions, cash-flow improvement, share repurchases, and a strategic review remain important parts of the capital-allocation plan.
- The main counterweights are pricing pressure, uncertain NIH funding, biotech-market conditions, tariffs, and possible study cancellations.
Management priorities
- Accelerate organ-on-chip, organoid, and AI-enabled alternative-methods platforms.
- Continue cost-efficiency programs targeting more than $175 million in annual savings.
- Pursue selective M&A and licensing that strengthen non-animal testing capabilities.
- Complete the strategic review and manage capital allocation, including potential share repurchases.
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Analyst 52W Price Targets
$299.02Previous close
$151Low
$302.11Average
$465High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 14, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 13, 2026 |
| Jefferies | Buy | Buy | Maintain | Sep 28, 2026 |
| TD Cowen | Buy | Buy | Maintain | Sep 25, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 25, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Sep 25, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 25, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Sep 25, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 25, 2026 |
| Baird | Outperform | Outperform | Maintain | Sep 25, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Aug 6, 2026 |
| CLSA | Hold | Outperform | Downgrade | Jul 20, 2026 |
| UBS | Neutral | Neutral | Maintain | Feb 25, 2026 |
| Citigroup | Buy | Buy | Maintain | Jan 16, 2026 |
| William Blair | Outperform | Market Perform | Upgrade | Oct 6, 2025 |
| Redburn Atlantic | Buy | Neutral | Upgrade | May 23, 2025 |
| Goldman Sachs | Neutral | Buy | Downgrade | Mar 21, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Dec 13, 2024 |
| Argus Research | Hold | Buy | Downgrade | Jun 28, 2024 |
| Guggenheim | Neutral | Buy | Downgrade | Feb 15, 2024 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 22, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | May 12, 2023 |
| Keybanc | Overweight | Overweight | Maintain | May 5, 2022 |
| Stephens & Co. | Overweight | Overweight | Maintain | Apr 7, 2022 |
| Truist Securities | Buy | Buy | Maintain | May 25, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | May 8, 2020 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Feb 18, 2020 |
| CFRA | Strong Buy | Strong Buy | Maintain | Feb 11, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Oct 18, 2019 |
| Raymond James | Outperform | Outperform | Maintain | Nov 8, 2018 |
| Argus | Buy | Buy | Maintain | Aug 27, 2018 |
| Mitsubishi UFJ | Neutral | Neutral | Maintain | Apr 20, 2018 |
| Gabelli & Co. | Buy | Buy | Maintain | Apr 26, 2016 |
| Edward Jones | Buy | Neutral | Upgrade | May 4, 2015 |
| Cantor Fitzgerald | Buy | Buy | Maintain | Oct 1, 2013 |
| Sterne Agee | Buy | Buy | Maintain | Jun 11, 2013 |
| ISI Group | Neutral | Neutral | Maintain | Feb 20, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $299.02. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $340 | $301.14 | +13.7% | Oct 12, 2026 |
| UBS | Kevin Caliendo | $357 | $295.96 | +19.4% | Sep 30, 2026 |
| Jefferies | David Windley | $340 | $292.84 | +13.7% | Sep 28, 2026 |
| Deutsche Bank | Justin Bowers | $320 | $291.16 | +7.0% | Sep 25, 2026 |
| RBC Capital | Analyst unavailable | $322 | $291.11 | +7.7% | Sep 25, 2026 |
| Evercore ISI | Analyst unavailable | $330 | $294.44 | +10.4% | Sep 25, 2026 |
| Robert W. Baird | Analyst unavailable | $334 | $294.44 | +11.7% | Sep 25, 2026 |
| Mizuho Securities | Ann Hynes | $295 | $294.44 | -1.3% | Sep 25, 2026 |
| Barclays | Analyst unavailable | $330 | $294.44 | +10.4% | Sep 25, 2026 |
| Argus Research | Analyst unavailable | $330 | $279.4 | +10.4% | Sep 17, 2026 |
| Evercore ISI | Analyst unavailable | $320 | $277.18 | +7.0% | Sep 11, 2026 |
| Piper Sandler | Analyst unavailable | $300 | $269.64 | +0.3% | Aug 10, 2026 |
| Mizuho Securities | Analyst unavailable | $264 | $267.49 | -11.7% | Aug 10, 2026 |
| Morgan Stanley | Analyst unavailable | $300 | $264.05 | +0.3% | Aug 7, 2026 |
| Robert W. Baird | Analyst unavailable | $291 | $258.92 | -2.7% | Aug 6, 2026 |
| RBC Capital | Analyst unavailable | $282 | $260.72 | -5.7% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $300 | $260.72 | +0.3% | Aug 5, 2026 |
| Mizuho Securities | Analyst unavailable | $230 | $233.41 | -23.1% | Jul 13, 2026 |
| Morgan Stanley | Analyst unavailable | $260 | $223.96 | -13.0% | Jul 9, 2026 |
| Bernstein | Analyst unavailable | $250 | $226.79 | -16.4% | Jul 1, 2026 |
| Morgan Stanley | Analyst unavailable | $220 | $184.79 | -26.4% | Jun 17, 2026 |
| CLSA | Analyst unavailable | $219 | $181.34 | -26.8% | May 29, 2026 |
| Robert W. Baird | Eric Coldwell | $213 | $175.56 | -28.8% | May 8, 2026 |
| Evercore ISI | Analyst unavailable | $220 | $176.32 | -26.4% | May 8, 2026 |
| Mizuho Securities | Analyst unavailable | $192 | $181.68 | -35.8% | May 8, 2026 |
| Barclays | Luke Sergott | $220 | $181.68 | -26.4% | May 8, 2026 |
| Barclays | Luke Sergott | $210 | $178.34 | -29.8% | Apr 14, 2026 |
| RBC Capital | Analyst unavailable | $215 | $178.34 | -28.1% | Apr 14, 2026 |
| Mizuho Securities | Analyst unavailable | $175 | $164.24 | -41.5% | Feb 20, 2026 |
| Robert W. Baird | Eric Coldwell | $193 | $158.18 | -35.5% | Feb 19, 2026 |
| Barclays | Luke Sergott | $200 | $158 | -33.1% | Feb 19, 2026 |
| Robert W. Baird | Analyst unavailable | $231 | $221.69 | -22.7% | Jan 13, 2026 |
| Evercore ISI | Analyst unavailable | $260 | $225.11 | -13.0% | Jan 13, 2026 |
| Robert W. Baird | Eric Coldwell | $224 | $219.49 | -25.1% | Jan 9, 2026 |
| Mizuho Securities | Ann Hynes | $215 | $215.51 | -28.1% | Jan 9, 2026 |
| Mizuho Securities | Analyst unavailable | $200 | $195.98 | -33.1% | Dec 18, 2025 |
| Barclays | Analyst unavailable | $215 | $192.97 | -28.1% | Dec 15, 2025 |
| Morgan Stanley | Kallum Titchmarsh | $185 | $176.09 | -38.1% | Dec 1, 2025 |
| Argus Research | Analyst unavailable | $200 | $166.73 | -33.1% | Nov 17, 2025 |
| Mizuho Securities | Ann Hynes | $174 | $174.95 | -41.8% | Oct 17, 2025 |
| Evercore ISI | Elizabeth Anderson | $200 | $181.18 | -33.1% | Oct 3, 2025 |
| Barclays | Luke Sergott | $195 | $170.48 | -34.8% | Oct 2, 2025 |
| Jefferies | Analyst unavailable | $195 | $157.38 | -34.8% | Sep 9, 2025 |
| Barclays | Luke Sergott | $205 | $193.14 | -31.4% | Oct 15, 2024 |
| Redburn Partners | Jamie Clark | $151 | $192.97 | -49.5% | Oct 14, 2024 |
| Mizuho Securities | Ann Hynes | $210 | $206.44 | -29.8% | Sep 17, 2024 |
| Deutsche Bank | Justin Bowers | $240 | $200.34 | -19.7% | Aug 8, 2024 |
| Robert W. Baird | Eric Coldwell | $239 | $201.85 | -20.1% | Jul 10, 2024 |
| Barclays | Luke Sergott | $230 | $207.35 | -23.1% | Jun 28, 2024 |
| Goldman Sachs | Matthew Sykes | $290 | $216.12 | -3.0% | Jun 6, 2024 |
| Evercore ISI | Elizabeth Anderson | $265 | $230.09 | -11.4% | May 9, 2024 |
| Evercore ISI | Elizabeth Anderson | $300 | $270.95 | +0.3% | Apr 1, 2024 |
| KeyBanc | Donald Hooker | $300 | $257.51 | +0.3% | May 5, 2022 |
| Wells Fargo | Analyst unavailable | $325 | $257.75 | +8.7% | Apr 25, 2022 |
| Jefferies | David Windley | $280 | $273.03 | -6.4% | Apr 25, 2022 |
| Jefferies | David Windley | $464 | $357.95 | +55.2% | Jan 11, 2022 |
| Argus Research | David Toung | $440 | $377.51 | +47.1% | Nov 24, 2021 |
| Cowen & Co. | Daniel Brennan | $465 | $417.45 | +55.5% | Aug 17, 2021 |
| Credit Suisse | Katie Tryhane | $385 | $416.31 | +28.8% | Aug 4, 2021 |
| J.P. Morgan | Tycho Peterson | $390 | $337.99 | +30.4% | May 28, 2021 |
| Guggenheim | Sandy Draper | $369 | $329.52 | +23.4% | May 25, 2021 |
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Start freeCompany context
Snapshot as of publicationCharles River Laboratories International, Inc. operates as a contract research organization (CRO), providing essential preclinical services to the pharmaceutical and biotechnology industries. Its core business revolves around assisting clients with drug discovery, non-clinical development, and thorough safety testing, with its services extending globally across the United States, Europe, Canada, and the Asia Pacific region. The company organizes its diverse offerings into three principal segments: Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Solutions. 1. Research Models and Services (RMS): This division is a key supplier of high-quality rodent research models, including specially bred strains of rats and mice for experimental purposes. It also offers a comprehensive array of support services to help clients effectively utilize these models in their research and for the screening of potential non-clinical drug candidates.…
Historical context
All CRL earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| UNH UnitedHealth Group Incorporated | FY2026 Q3 · Calendar Q4 2026 | +13.3% | -0.2% | UnitedHealth raises FY2026 EPS outlook as AI and care initiatives advance |
| JNJ Johnson & Johnson | FY2026 Q3 · Calendar Q4 2026 | +2.8% | -5.7% | J&J raises outlook as oncology leads, while MedTech lags |
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-23T00:02:08.365952+00:00
- Polygon adjusted daily market bars · 2026-10-13T00:00:46.441410+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-13T00:00:46.438626+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-13. For educational purposes only; not investment advice.