| Over a week ago | ||||
Jefferies analyst… Jefferies analyst Surinder Thind lowered the firm's price target on Genpact to $41 from $47 and keeps a Hold rating on the shares after having hosted the CEO and CFO for a call digging deeper into the company's Q1 results. Despite what the firm viewed as "a better-than-anticipated print," fears continue of industry disruption by AI and while the firm believes "this narrative is overly simplistic," it argues that near-term risk warrants caution with current negative investor sentiment "dominating fundamentals." | ||||
TD Cowen lowered the… TD Cowen lowered the firm's price target on Genpact to $44 from $48 and keeps a Market Perform rating on the shares. The analyst said they posted a mixed 1Q while affirming 2023 guide embedding a meaningful 2H growth inflection in Digital Ops and DTA. | ||||
Baird lowered the… Baird lowered the firm's price target on Genpact to $48 from $54 and keeps an Outperform rating on the shares. The analyst said Q1 revenue was a bit light on ongoing slower project spending, though bookings were strong, and management now expects a big H2 ramp. 2023 guidance was reiterated, and we left estimates intact. | ||||
Citi analyst Ashwin… Citi analyst Ashwin Shirvaikar lowered the firm's price target on Genpact to $46 from $54 and keeps a Buy rating on the shares. The company reported solid bookings but the macro environment and timing led to deals closing at quarter-end, which led to a revenue miss, the analyst tells investors in a research note. The firm sees some risk to the revenue outlook which depends on "normal" deal ramps and incremental deal signings. | ||||
Still sees 2023 revenue… Still sees 2023 revenue $4.64B-$4.71B, consensus $4.67B. | ||||
Reports Q1 revenue… Reports Q1 revenue $1.09B, consensus $1.1B. "Our results for the quarter were solid and reinforce the powerful interlinkages between Data-Tech-AI and Digital Operations services that lead to many new opportunities to create value for clients and growth for us," said Tyagarajan, CEO. "We are excited by our record level of first quarter bookings and near record pipeline. We view generative AI as an opportunity to expand our services to clients and increase our total addressable market. It also provides an opportunity for internal efficiency and margin enhancement." | ||||
| Over a month ago | ||||
Meeting to be held in… Meeting to be held in Atlanta, GA on March 23 hosted by William Blair. | ||||
Meeting to be held in… Meeting to be held in Atlanta, GA on March 23 hosted by William Blair. | ||||
| Over a quarter ago | ||||
Sees 2023 revenue… Sees 2023 revenue $4.64B-$4.71B, consensus $4.36B. | ||||
Reports Q4 revenue $1.1B,… Reports Q4 revenue $1.1B, consensus $1.08B. "We are pleased with our full year 2022 financial results with revenue growth, adjusted operating income margin and adjusted diluted EPS all coming in at the high-end of our expectations, highlighting the relevance of our Data-Tech-AI services and Digital Operations services for our clients," said CEO Tyagarajan. "Transformation is a pervasive theme across most enterprises with many of them calling out 2023 as a year of efficiency. We are therefore seeing a robust pipeline, a continuous flow of Data-Tech-AI, and large transformational deals." | ||||
