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ThecoinrepublicStockWill G Stock Price Change Its Path...
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Will G Stock Price Change Its Path After Recent Earnings?

Since the beginning of this year, Genpact (G) stock price has mostly shown a bearish market trend. In one year’s price analysis, G stock price dropped over 22% which further dropped over 21% in the last six months. However, last week Genpact released its second quarter (Q2) 2023 earrings results, G stock price has shown a 2.28% price surge.

G Stock Price Analysis

With the recent weekly price performance, G stock noted its recent closing at its 20-day moving average. While almost reaching its 50-day moving average after the earnings with the highest volume activity of over 3 Million last week. Weekly price analysis of G stock may have shown a bullish trend but near the weekend, G stock price stock lost $0.22 and marked closing at $37.18, on August 11, 2023, Friday.

Will G Stock Price Change Its Path After Recent Earnings?
Source: G/USD by TradingView

With almost similar volume activity during last quarter’s report, G stock price is still trading near the same trading price. However, near the weekend bearish trend of G stock took its RSI downside which may show a bearish start in the upcoming week. However, if bears will continue their strength, then G stock price may drop slightly below its 20-day moving average.

Recent Quarter Report of Genpact Ltd

Genpact Limited (NYSE: G), an American professional services firm, has a market cap of nearly $6.74 Billion. Last week, the company released its Q2 2023 report that states its net income is $116.25 Million. G stock’s price-to-sales ratio is 1.58 whereas it has an Enterprise Value to EBITDA ratio of 11.24. G dividends are paid quarterly while the next dividend per share is expected to be $0.14 and as of today, the Dividend Yield (TTM)% is 1.41%.

According to the recent Q2 2023 report of Genpact, its earnings per share (EPS) is $0.72 whereas the estimation was $0.69 which accounts for a 4.81% surprise. The revenue for similar period amounts to $1.11 Billion whereas the estimation was $1.12 Billion. Now for the upcoming Q3 2023 results, the estimated EPS is $0.74, and revenue is expected to reach $1.17 Billion.

In the previous year, the revenue of Genpact Ltd. reached $4.37 Billion. Out of which, $1.65 Billion came from its highest performing source at the moment, “high tech and manufacturing”. Moreover, India has made the greatest contribution to the revenue figure that last year brought Genpact Ltd. $2.28 Billion.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Ahtesham Anis
Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.
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