Agentic operations company Genpact (NYSE: G) will be announcing earnings results this Thursday after the bell. Here’s what to look for.
Genpact beat analysts’ revenue expectations last quarter, reporting revenues of $1.34 billion, up 7.1% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but revenue guidance for next quarter meeting analysts’ expectations.
Is Genpact a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Genpact’s revenue to grow 6.6% year on year, in line with the 6.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Genpact has a history of exceeding Wall Street’s expectations.
Looking at Genpact’s peers in the business process outsourcing & consulting segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FTI Consulting delivered year-on-year revenue growth of 5.9%, meeting analysts’ expectations, and Huron reported revenues up 11.4%, in line with consensus estimates. FTI Consulting traded up 15.3% following the results.
Read our full analysis of FTI Consulting’s results here and Huron’s results here.
Investors in the business process outsourcing & consulting segment have had steady hands going into earnings, with share prices flat over the last month. Genpact is up 20.8% during the same time and is heading into earnings with an average analyst price target of $42.91 (compared to the current share price of $40.49).
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