Genpact Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Genpact Limited (NYSE:G) is set to report its Q2 2023 financial results on Aug. 9, 2023. Analysts predict a slight decrease in earnings per share from 70 cents to 69 cents, but an increase in revenue from $1.09 billion to $1.12 billion. Genpact's stock fell 1.6% to close at $35.66 on Tuesday. Several analysts have recently downgraded the stock and cut their price targets.
August 09, 2023 | 1:34 pm
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NEGATIVE IMPACT
Genpact is expected to report a slight decrease in EPS but an increase in revenue for Q2 2023. The stock has been downgraded by several analysts recently, which may have contributed to a 1.6% fall in the stock price.
The expected decrease in EPS and recent analyst downgrades are negative signals for the stock. However, the predicted increase in revenue could offset some of the negative impact. The 1.6% fall in the stock price suggests that the market is reacting to these signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100