In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Exlservice Holdings (NASDAQ: EXLS), with a price target of $71. The company’s shares closed yesterday at $57.81.
Foresi observed:
“1Q18 revenues beat estimates. 1Q18 revenue was $207.0 mn, vs. our estimate of $201.8 mn and the FactSet consensus of $203.7 mn. Revenue growth was 13.1% y/y, and +11.9% y/y in constant currency (cc). Revenues got somewhat of a boost from the recently acquired Health Integrated. Adjusted EPS was $0.64, in line with the consensus, but below our estimate of $0.66. Adjusted operating margin was 12.8%, down 180 bps y/y and below the consensus of 14.1%.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 16.8% and a 81.8% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Exlservice Holdings is Strong Buy and the average price target is $67.60, representing a 16.9% upside.
In a report issued on April 26, Barrington also maintained a Buy rating on the stock with a $70 price target.
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Based on Exlservice Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $198 million and GAAP net loss of $9.36 million. In comparison, last year the company earned revenue of $183 million and had a net profit of $16.79 million.
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ExlService Holdings, Inc. engagegs in the provision of transformation and outsourcing services to global companies in industries including insurance, banking, financial services, utilities, transportation, and travel. It operates through the following segments: Insurance; Healthcare; Travel, Transportation, and Logistics; Finance and Accounting, Analytics, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies. The Healthcare segment offers services related to care management or population health, payment integrity, revenue optimization, and customer engagement. The Travel, Transportation, and Logistics segment includes processing transportation, logistics transactions, supply chain management, warehousing, transportation management, and international logistics services. The Finance and Accounting segment comprises of procure-to-pay, order-to-cash, hire-to-retire, record-to-report, regulatory reporting, financial planning and analysis, audit and assurance, treasury, and tax processes. The Analytics segment consists of driving improved business outcomes for customers by generating data-driven insights. The All Other segment involves in banking, financial, utilities, and consulting services. The company was founded by Vikram Talwar and Rohit Kapoor in April 1999 and is headquartered in New York, NY.
