Scientific consulting firm Exponent (NASDAQ:EXPO) will be reporting earnings this Thursday afternoon. Here’s what to expect.
Exponent beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $137.4 million, flat year on year. It was a mixed quarter for the company, with revenue guidance for next quarter slightly missing analysts’ expectations.
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 1.2% year on year to $130.8 million, a reversal from the 2.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share.
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 has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Exponent’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FTI Consulting posted flat year-on-year revenue, beating analysts’ expectations by 3.4%, and Concentrix reported revenues up 1.5%, topping estimates by 1.2%. FTI Consulting traded up 3.9% following the results while Concentrix was down 6.3%.
Read our full analysis of FTI Consulting’s results here and Concentrix’s results here.
Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Exponent is down 5.7% during the same time and is heading into earnings with an average analyst price target of $92 (compared to the current share price of $70.44).
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