Genpact Limited (G) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
Genpact Limited (NYSE:G) issued its quarterly earnings data on Thursday. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01, Stock Ratings Network reports. The company had revenue of $561.60 million for the quarter, compared to the consensus estimate of $556.12 million. During the same quarter last year, the company posted $0.32 earnings per share. Genpact Limited’s revenue was up 5.0% compared to the same quarter last year.
Shares of Genpact Limited (NYSE:G) traded down 0.17% on Thursday, hitting $17.60. 1,044,953 shares of the company’s stock traded hands. Genpact Limited has a 1-year low of $13.68 and a 1-year high of $21.25. The stock’s 50-day moving average is $17.69 and its 200-day moving average is $17.0. The company has a market cap of $3.803 billion and a price-to-earnings ratio of 18.01. Genpact Limited also was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 891,537 shares, a drop of 38.4% from the June 13th total of 1,446,610 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 881,682 shares, the days-to-cover ratio is presently 1.0 days.
A number of analysts have recently weighed in on G shares. Analysts at Zacks downgraded shares of Genpact Limited from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $19.40 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Genpact Limited in a research note on Tuesday, May 6th. They now have a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.91.
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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