Scientific consulting firm Exponent (NASDAQ:EXPO) will be announcing earnings results tomorrow afternoon. Here’s what to expect.
Exponent beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $123.8 million, up 8.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates.
Is Exponent a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Exponent’s revenue to decline 1.9% year on year to $134.6 million, a reversal from the 6.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Exponent has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Exponent’s peers in the business process outsourcing & consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Huron delivered year-on-year revenue growth of 11.2%, beating analysts’ expectations by 0.8%, and FTI Consulting reported a revenue decline of 3.3%, falling short of estimates by 0.9%. FTI Consulting traded down 3.3% following the results.
Read our full analysis of Huron’s results here and FTI Consulting’s results here.
Investors in the business process outsourcing & consulting segment have had fairly steady hands going into earnings, with share prices down 2% on average over the last month. Exponent is down 2.4% during the same time and is heading into earnings with an average analyst price target of $108 (compared to the current share price of $78.88).
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