Genpact (G) Beats Q3 Earnings and Revenue Estimates

Core Insights - Genpact reported quarterly earnings of $0.85 per share, exceeding the Zacks Consensus Estimate of$0.80 per share, and showing an increase from $0.76 per share a year ago, resulting in an earnings surprise of 6.25$1.21 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.04% and up from $1.14 billion year-over-year [2] - Genpact has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Earnings Performance - The earnings surprise for the previous quarter was 8.22$0.79 per share compared to an expected $0.73 [1] - The current consensus EPS estimate for the upcoming quarter is$0.83, with projected revenues of $1.2 billion, and for the current fiscal year, the EPS estimate is$3.15 on revenues of $4.69 billion [7] Stock Performance and Outlook - Genpact shares have increased by approximately 16.6% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] - The outlook for the stock's price movement will depend significantly on management's commentary during the earnings call [3][4] Industry Context - The Outsourcing industry, to which Genpact belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]