Genpact Updates FY23 EPS Guidance From $2.91-$2.94 To $2.89 Vs $2.92 Est.; Revenue $4.45B Vs $4.6B Est.
Portfolio Pulse from Benzinga Newsdesk
Genpact has revised its FY23 EPS guidance from $2.91-$2.94 to $2.89, slightly below the estimated $2.92. The company also expects a total revenue of approximately $4.45 billion, a 2% YoY increase, which is lower than the previous outlook of $4.59 billion to $4.64 billion. The adjusted income from operations margin is expected to be around 17.0%, up from the prior expectation of 16.8%.
November 08, 2023 | 9:05 pm
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NEGATIVE IMPACT
Genpact has lowered its FY23 EPS guidance and total revenue outlook, which could potentially impact investor sentiment and the company's stock price.
Genpact's lowered EPS guidance and total revenue outlook for FY23 could be seen as a negative signal by investors, potentially leading to a decrease in the company's stock price in the short term. The increase in the adjusted income from operations margin might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100