Genpact (G) Announces Quarterly Earnings Results, Hits Estimates
Genpact (NYSE:G) announced its earnings results on Thursday. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25, Analyst Ratings.Net reports. The company had revenue of $558.50 million for the quarter, compared to the consensus estimate of $550.34 million.
A number of analysts have recently weighed in on G shares. Analysts at Goldman Sachs Group Inc. downgraded shares of Genpact from a “neutral” rating to a “sell” rating in a research note to investors on Thursday, January 23rd. They now have a $15.00 price target on the stock, down previously from $18.00. Analysts at Morgan Stanley upgraded shares of Genpact to an “overweight” rating in a research note to investors on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.40.
Shares of Genpact (NYSE:G) traded up 1.12% during mid-day trading on Thursday, hitting $17.23. 891,796 shares of the company’s stock traded hands. Genpact has a 1-year low of $16.00 and a 1-year high of $21.30. The stock’s 50-day moving average is $17.64 and its 200-day moving average is $18.8. The company has a market cap of $3.966 billion and a P/E ratio of 17.04.
Genpact Limited (NYSE:G) is engaged in business process management and information technology services, leveraging the power of processes, analytics and technology to help its clients drive intelligence across their enterprises.
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