Brokerages predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will report $194.11 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for ExlService’s earnings, with estimates ranging from $191.90 million to $196.25 million. ExlService posted sales of $177.27 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The business is expected to announce its next earnings results before the market opens on Tuesday, February 27th.
On average, analysts expect that ExlService will report full year sales of $194.11 million for the current year, with estimates ranging from $756.34 million to $760.69 million. For the next fiscal year, analysts anticipate that the business will report sales of $833.11 million per share, with estimates ranging from $824.73 million to $853.36 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow ExlService.
EXLS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday. Barrington Research lifted their price target on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. BidaskClub downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $68.00 price target (up previously from $60.00) on shares of ExlService in a research note on Sunday, October 29th. Finally, ValuEngine downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.08.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of ExlService by 3.2% in the fourth quarter. BlackRock Inc. now owns 4,179,911 shares of the business services provider’s stock valued at $252,257,000 after buying an additional 128,001 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ExlService by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after buying an additional 61,535 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ExlService by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,224,813 shares of the business services provider’s stock valued at $71,431,000 after buying an additional 51,490 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of ExlService by 4.2% in the fourth quarter. Mackenzie Financial Corp now owns 1,169,992 shares of the business services provider’s stock valued at $70,609,000 after buying an additional 47,514 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its holdings in shares of ExlService by 4.6% in the fourth quarter. Standard Life Aberdeen plc now owns 1,151,872 shares of the business services provider’s stock valued at $69,516,000 after buying an additional 50,674 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.
ExlService (EXLS) traded up $0.46 on Friday, reaching $60.23. 111,062 shares of the company’s stock were exchanged, compared to its average volume of 138,973. ExlService has a 1 year low of $44.61 and a 1 year high of $64.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.81 and a quick ratio of 3.81. The firm has a market capitalization of $2,044.39, a P/E ratio of 28.55, a P/E/G ratio of 1.88 and a beta of 1.14.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2018/02/19/exlservice-holdings-inc-exls-expected-to-announce-quarterly-sales-of-194-11-million.html.
ExlService Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.