Earnings Outlook For Medpace Hldgs
Portfolio Pulse from Benzinga Insights
Medpace Holdings (NASDAQ:MEDP) is scheduled to release its quarterly earnings report on February 12, 2024, with an expected EPS of $2.22. Historically, the company has surpassed EPS estimates, leading to significant share price movements. Last quarter, MEDP beat the EPS estimate by $0.18, resulting in a 19.67% share price increase the following day. Over the past year, MEDP shares have risen by 39.14%, indicating positive sentiment among long-term investors.
February 09, 2024 | 2:00 pm
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POSITIVE IMPACT
Medpace Holdings is expected to report an EPS of $2.22 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings, with a 19.67% increase after last quarter's beat.
Given Medpace Holdings' history of surpassing EPS estimates and the subsequent positive stock price reactions, there is a strong likelihood of a positive short-term impact on MEDP's stock price if the company beats the EPS estimate again. The historical data provided shows a clear pattern of stock price increases following earnings beats, suggesting investor confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100