Data analytics and digital solutions company ExlService Holdings (NASDAQ: EXLS) will be announcing earnings results this Tuesday after market hours. Here’s what to expect.
EXL beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $514.5 million, up 14.7% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ revenue estimates.
Is EXL a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting EXL’s revenue to grow 10.8% year on year to $523.3 million, slowing from the 14.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 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. EXL has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.5% on average.
Looking at EXL’s peers in the data & business process services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. TransUnion delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 3.2%, and SS&C reported revenues up 7%, topping estimates by 1.4%. TransUnion traded up 6.1% following the results while SS&C was also up 4.6%.
Read our full analysis of TransUnion’s results here and SS&C’s results here.
Investors in the data & business process services segment have had steady hands going into earnings, with share prices flat over the last month. EXL is down 6.7% during the same time and is heading into earnings with an average analyst price target of $53.29 (compared to the current share price of $41.01).
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