Exponent (EXPO) Surpasses Q1 Earnings and Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2024
0mins
Source: NASDAQ.COM
- Exponent's Quarterly Earnings: Exponent (EXPO) reported quarterly earnings of $0.59 per share, beating estimates and showing growth from the previous year.
- Financial Performance: The company surpassed revenue estimates for the quarter ended March 2024 but has only exceeded EPS estimates once in the last four quarters.
- Stock Movement: Exponent shares have declined by 8.5% this year while the S&P 500 gained 6.3%.
- Future Outlook: Investors are looking at the company's earnings outlook to determine the stock's performance, with a Zacks Rank #3 (Hold) currently assigned.
- Industry Comparison: The Consulting Services industry, where Exponent belongs, is ranked in the top 22% of Zacks industries, impacting stock performance.
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Analyst Views on EXPO
Wall Street analysts forecast EXPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXPO is 85.50 USD with a low forecast of 81.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 74.670
Low
81.00
Averages
85.50
High
90.00
Current: 74.670
Low
81.00
Averages
85.50
High
90.00
About EXPO
Exponent, Inc., together with its subsidiaries, is a science and engineering consulting firm that provides solutions to complex problems. The Company’s segments include Engineering and Other Scientific and Environmental and Health. The Engineering and Other Scientific segment is a broad service group providing technical consulting in different practices, primarily in engineering. The Environmental and Health segment provides services in the area of environmental, epidemiology and health risk analysis. This segment provides a wide range of consulting services relating to environmental hazards and risks and their impact on both human health and the environment. It serves clients in chemicals, construction, consumer products, energy, food, beverage and nutrition, government, life sciences, insurance, manufacturing, technology, industrial equipment, transportation and other sectors of the economy. The Company’s service offerings are provided on a project-by-project basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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