A Look at Medpace Hldgs's Upcoming Earnings Report

A Look at Medpace Hldgs's Upcoming Earnings Report

Benzinga
October 18, 2024

Medpace Hldgs (NASDAQ:MEDP) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Medpace Hldgs to report an earnings per share (EPS) of $2.80.

Anticipation surrounds Medpace Hldgs's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.21, leading to a 18.27% drop in the share price on the subsequent day.

Here's a look at Medpace Hldgs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.54

2.46

2.22

2.04

EPS Actual

2.75

3.20

2.46

2.22

Price Change %

-18.0%

8.0%

12.0%

20.0%

Market Performance of Medpace Hldgs's Stock

Shares of Medpace Hldgs were trading at $342.89 as of October 17. Over the last 52-week period, shares are up 53.36%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Medpace Hldgs

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Medpace Hldgs.

Analysts have provided Medpace Hldgs with 10 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $395.6, suggesting a potential ...

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