Genpact (G) to Release Earnings on Thursday

Genpact (NYSE:G) is expected to post its quarterly earnings results 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business 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 Down 0.1 %

NYSE G opened at $47.61 on Thursday. Genpact has a twelve month low of $30.23 and a twelve month high of $48.14. 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 stock has a market cap of $8.40 billion, a PE ratio of 13.08, a PEG ratio of 1.51 and a beta of 1.18. The firm has a 50-day simple moving average of $44.61 and a 200 day simple moving average of $40.56.

Insider Transactions at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the 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 sale, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. This 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 is accessible through this link. Also, CEO Balkrishan Kalra sold 9,000 shares of Genpact stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, 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 quarter, insiders have sold 35,058 shares of company stock valued at $1,558,675. 2.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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