Scientific consulting firm Exponent (NASDAQ: EXPO) will be reporting earnings this Thursday afternoon. Here’s what investors should know.
Exponent beat analysts’ revenue expectations last quarter, reporting revenues of $129.4 million, up 4.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.
Is Exponent a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Exponent’s revenue to grow 8.6% year on year, improving from its flat revenue in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Exponent rarely misses Wall Street’s revenue estimates.
Looking at Exponent’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Concentrix delivered year-on-year revenue growth of 5.4%, meeting analysts’ expectations, and Kforce reported flat revenue, in line with consensus estimates. Concentrix traded down 25.3% following the results while Kforce was up 41.3%.
Read our full analysis of Concentrix’s results here and Kforce’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 13.1% on average over the last month. Exponent is up 2.6% during the same time and is heading into earnings with an average analyst price target of $90 (compared to the current share price of $66.96).
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