Genpact (G) Expected to Announce Earnings on Thursday

Genpact (NYSE:G) is expected to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $1.23 billion for the quarter. Genpact has set its Q4 2024 guidance at EPS and its FY 2024 guidance at 3.230-3.240 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Genpact (NYSE:G) last released its earnings results on Thursday, November 7th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. Genpact had a net margin of 14.22% and a return on equity of 21.85%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company earned $0.67 earnings per share. On average, analysts expect Genpact to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Genpact Stock Performance

Shares of G stock opened at $47.61 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. Genpact has a one year low of $30.23 and a one year high of $48.14. The company has a 50 day moving average price of $44.61 and a 200 day moving average price of $40.56.

Insider Activity at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,058 shares of company stock worth $1,558,675 in the last 90 days. 2.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on G. Robert W. Baird raised their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Needham & Company LLC upped their target price on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen raised their target price on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.00.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.