Genpact (G) Expected to Announce Quarterly Earnings on Thursday

Genpact (NYSE:G) is projected 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 that wish to listen to the company’s conference call can do so using this link.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.75 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $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 Price Performance

Shares of Genpact stock opened at $48.94 on Tuesday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20. The company has a fifty day moving average of $44.75 and a 200-day moving average of $40.92. Genpact has a 52-week low of $30.23 and a 52-week high of $49.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85.

Insider Transactions at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now owns 151,182 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 9,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at $12,407,545.60. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,058 shares of company stock valued at $1,558,675. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen boosted their price objective on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC raised their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Genpact currently has an average rating of “Hold” and a consensus price target of $44.50.

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.