Brokerages Expect ExlService Holdings, Inc. (NASDAQ:EXLS) Will Announce Quarterly Sales of $249.05 Million

Brokerages predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will post $249.05 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for ExlService’s earnings, with the lowest sales estimate coming in at $247.83 million and the highest estimate coming in at $251.09 million. ExlService posted sales of $231.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The firm is expected to report its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that ExlService will report full year sales of $986.11 million for the current financial year, with estimates ranging from $980.00 million to $992.15 million. For the next year, analysts anticipate that the company will report sales of $1.06 billion, with estimates ranging from $1.05 billion to $1.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow ExlService.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, July 30th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company had revenue of $243.50 million during the quarter, compared to analyst estimates of $241.67 million. ExlService had a return on equity of 13.60% and a net margin of 4.89%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS.



EXLS has been the subject of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $79.00 target price (up previously from $70.00) on shares of ExlService in a research note on Wednesday, July 31st. ValuEngine upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Wedbush reiterated a “neutral” rating on shares of ExlService in a report on Tuesday, July 16th. BidaskClub upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $69.80.

A number of institutional investors and hedge funds have recently bought and sold shares of EXLS. Royal Bank of Canada increased its position in shares of ExlService by 99.5% during the second quarter. Royal Bank of Canada now owns 595,944 shares of the business services provider’s stock worth $39,410,000 after acquiring an additional 297,151 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of ExlService during the second quarter worth $16,913,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of ExlService during the second quarter worth $7,044,000. TimesSquare Capital Management LLC increased its position in shares of ExlService by 6.0% during the first quarter. TimesSquare Capital Management LLC now owns 980,836 shares of the business services provider’s stock worth $58,870,000 after acquiring an additional 55,770 shares in the last quarter. Finally, Dalton Investments LLC bought a new stake in shares of ExlService during the first quarter worth $3,301,000. Institutional investors own 93.03% of the company’s stock.

ExlService stock traded down $0.46 during midday trading on Friday, hitting $65.36. 202,299 shares of the stock were exchanged, compared to its average volume of 119,206. The company has a fifty day simple moving average of $67.40 and a two-hundred day simple moving average of $63.40. ExlService has a 52 week low of $44.29 and a 52 week high of $70.03. The stock has a market capitalization of $2.23 billion, a PE ratio of 28.29, a P/E/G ratio of 2.73 and a beta of 1.11. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.36.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Earnings History and Estimates for ExlService (NASDAQ:EXLS)

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