Genpact (G) Expected to Announce Quarterly Earnings on Thursday

Genpact (NYSE:G - Get Free Report) is anticipated to release its earnings data after the market closes on Thursday, February 6th. Analysts expect Genpact to post 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.Persons that are interested in participating in the company's earnings conference call can do so using this link.

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

Genpact Stock Up 1.7 %

G stock traded up $0.83 during trading hours on Thursday, hitting $48.37. The company's stock had a trading volume of 1,943,468 shares, compared to its average volume of 1,303,851. The company has a market capitalization of $8.53 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. The stock has a 50 day moving average price of $44.66 and a two-hundred day moving average price of $40.61. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact has a 12 month low of $30.23 and a 12 month high of $48.51.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, 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 have sold 35,058 shares of company stock worth $1,558,675 in the last 90 days. Company insiders own 2.80% of the company's stock.

Genpact Company Profile

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.