Genpact Sees FY24 Adj. EPS $3.00-$3.03 Vs $3.090 Est.; Revenue $4.57B-$4.61B Vs $4.672B Est.
Portfolio Pulse from Benzinga Newsdesk
Genpact forecasts its FY24 adjusted EPS to be between $3.00 and $3.03, which is below the estimated $3.090. The company also projects its revenue to range from $4.57 billion to $4.61 billion, falling short of the expected $4.672 billion.
February 08, 2024 | 9:10 pm
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NEGATIVE IMPACT
Genpact's FY24 earnings and revenue forecasts are below analysts' expectations, indicating potential challenges ahead.
Genpact's projection of both its adjusted EPS and revenue for FY24 falling below analysts' estimates could lead to negative investor sentiment in the short term. This underperformance in expected financial outcomes often results in a decrease in stock price as investors adjust their expectations based on the new forecasts.
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