We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ExlService (EXL) Stock Improves 2% Since Q1 Earnings Beat
Read MoreHide Full Article
ExlService Holdings (EXLS - Free Report) reported impressive first-quarter 2024 results, with both earnings and revenues beating the respective Zacks Consensus Estimate.
The stock has gained 2% since the release of earnings in response to the better-than-expected results and updated 2024 guidance. EXL raised the lower end of both revenue and EPS guidance range. Revenues are currently expected to be $1.79 to $1.82 billion compared with the previous guidance of $1.78 to $1.82 billion. The midpoint ($1.81 billion) of the updated guidance range is higher than the current Zacks Consensus Estimate of $1.8 billion.
The company currently expects EPS to be between $1.58 and $1.62 compared with the previous expectation of $1.56 to $1.62. The midpoint ($1.6) of the updated guidance range is slightly lower than the current Zacks Consensus Estimate of $1.61.
Quarterly adjusted EPS of 38 cents beat the consensus estimate by 5.6% and increased 8.6% on a year-over-year basis. Total revenues of $436.5 million beat the Zacks Consensus Estimate by 2.8% and increased 9% on a year-over-year basis on a reported currency basis and 8.8% on a constant currency basis.
ExlService Holdings, Inc. Price, Consensus and EPS Surprise
The Analytics segment contributed $190.7 million to total revenues, up 4.9% from the year-ago reported figure. The Insurance segment grew 15.2% from the year-ago figure to $145.1 million. Revenues generated from the Healthcare and Emerging Business segments were $26.3 million and $74.4 million, respectively.
Margins Increase
Adjusted EBITDA amounted to $91.7 million, up 6% year over year. Adjusted EBITDA margin on revenues was 21%, down 60 basis points year over year. Gross margin on total revenues came in at 37.4%, 20 basis points above the year-ago figure.
Key Balance Sheet Numbers
ExlService exited the quarter with cash and cash equivalents of $108.6 million, compared with $137 million at the end of the prior quarter. Long-term debt (net of current portion) was $280 million, compared with $135 million in the prior quarter.
Recent Earnings Snapshots of Some Service Providers
Omnicom (OMC - Free Report) reported impressive first-quarter 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
OMC’s earnings of $1.67 per share beat the consensus estimate by 9.9% and increased 7.1% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 1.6% and increased 5.4% year over year.
Equifax (EFX - Free Report) reported mixed first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
EFX’s adjusted earnings were $1.5 per share, which beat the Zacks Consensus Estimate by 4.2% and up 4.9% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by a slight margin but increased 6.7% from the year-ago quarter.
ManpowerGroup (MAN - Free Report) reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
Quarterly adjusted earnings of 94 cents per share surpassed the consensus mark by 4.4% but declined 41.6% year over year. Revenues of $4.4 billion lagged the consensus mark by 0.6% and fell 7% year over year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ExlService (EXL) Stock Improves 2% Since Q1 Earnings Beat
ExlService Holdings (EXLS - Free Report) reported impressive first-quarter 2024 results, with both earnings and revenues beating the respective Zacks Consensus Estimate.
The stock has gained 2% since the release of earnings in response to the better-than-expected results and updated 2024 guidance. EXL raised the lower end of both revenue and EPS guidance range. Revenues are currently expected to be $1.79 to $1.82 billion compared with the previous guidance of $1.78 to $1.82 billion. The midpoint ($1.81 billion) of the updated guidance range is higher than the current Zacks Consensus Estimate of $1.8 billion.
The company currently expects EPS to be between $1.58 and $1.62 compared with the previous expectation of $1.56 to $1.62. The midpoint ($1.6) of the updated guidance range is slightly lower than the current Zacks Consensus Estimate of $1.61.
Quarterly adjusted EPS of 38 cents beat the consensus estimate by 5.6% and increased 8.6% on a year-over-year basis. Total revenues of $436.5 million beat the Zacks Consensus Estimate by 2.8% and increased 9% on a year-over-year basis on a reported currency basis and 8.8% on a constant currency basis.
ExlService Holdings, Inc. Price, Consensus and EPS Surprise
ExlService Holdings, Inc. price-consensus-eps-surprise-chart | ExlService Holdings, Inc. Quote
Segmental Information
The Analytics segment contributed $190.7 million to total revenues, up 4.9% from the year-ago reported figure. The Insurance segment grew 15.2% from the year-ago figure to $145.1 million. Revenues generated from the Healthcare and Emerging Business segments were $26.3 million and $74.4 million, respectively.
Margins Increase
Adjusted EBITDA amounted to $91.7 million, up 6% year over year. Adjusted EBITDA margin on revenues was 21%, down 60 basis points year over year. Gross margin on total revenues came in at 37.4%, 20 basis points above the year-ago figure.
Key Balance Sheet Numbers
ExlService exited the quarter with cash and cash equivalents of $108.6 million, compared with $137 million at the end of the prior quarter. Long-term debt (net of current portion) was $280 million, compared with $135 million in the prior quarter.
Currently, EXL carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings Snapshots of Some Service Providers
Omnicom (OMC - Free Report) reported impressive first-quarter 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
OMC’s earnings of $1.67 per share beat the consensus estimate by 9.9% and increased 7.1% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 1.6% and increased 5.4% year over year.
Equifax (EFX - Free Report) reported mixed first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
EFX’s adjusted earnings were $1.5 per share, which beat the Zacks Consensus Estimate by 4.2% and up 4.9% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by a slight margin but increased 6.7% from the year-ago quarter.
ManpowerGroup (MAN - Free Report) reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
Quarterly adjusted earnings of 94 cents per share surpassed the consensus mark by 4.4% but declined 41.6% year over year. Revenues of $4.4 billion lagged the consensus mark by 0.6% and fell 7% year over year.