Genpact(G) ZACKS·2024-09-18 16:21Core Viewpoint - Genpact Limited is positioned to maintain its performance momentum, making it a compelling addition to investment portfolios [1] Group 1: Stock Performance - Genpact's stock has shown a remarkable increase of 24.6% over the past three months, outperforming the industry and the Zacks S&P 500 Composite, which grew by 12.5% and 2.7% respectively [2] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong investment potential [3] Group 2: Earnings Estimates and Surprises - In the last 60 days, seven earnings estimates for 2024 have been revised upward, while only one has been revised downward, reflecting analyst confidence [3] - The Zacks Consensus Estimate for 2024 earnings has increased by 3.6% [3] - Genpact has consistently outperformed earnings estimates, achieving an average earnings surprise of 6.9% over the last four quarters [3] Group 3: Growth Prospects - Revenue for Genpact is projected to grow by 4.7% year-over-year in 2024 and by 6.4% in 2025, with earnings expected to rise by 5.7% in 2024 and 7.5% in 2025 [4] - Over the next five years, earnings are anticipated to increase by 8.4% [4] - The company is enhancing revenue growth through strong partnerships and comprehensive Data-Tech AI solutions, with a notable increase in revenue generated by partners [4] Group 4: AI and Business Transformation - The expansion of generative AI (gen-AI) is a key growth driver, with bookings in the first half of 2024 showing a tenfold increase compared to 2023 [5] - Genpact is leveraging its expertise in AI to facilitate business transformation for clients through effective implementation of AI-first business processes [6]