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Exponent (EXPO)
NASDAQ:EXPO
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.4Last Year’s EPS
$0.41Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -14.50%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced sentiment with significant growth in net income and strategic alignment with market demand driving positive aspects. However, challenges such as flat net revenues, headwinds in the chemical sector, and a decrease in technical full-time employees present notable concerns.Company Guidance
During the Exponent Inc. Q3 2024 earnings call held on October 24, 2024, the executives provided guidance reflecting a cautiously optimistic outlook. They reported a 2% increase in total revenues to $136.3 million, while revenues before reimbursements remained flat at $125.1 million compared to the same period in 2023. Net income grew to $26 million, or $0.50 per diluted share, from $24.5 million, or $0.48 per diluted share, the previous year. The company's EBITDA margin improved to 28.6% of net revenues, up from 27.6% in Q3 2023, attributed to a rise in utilization rates to 73.4%. Despite a 5% year-over-year decrease in billable hours and a 10% drop in the average technical full-time equivalent employees, Exponent maintained strong performance. The guidance for Q4 2024 anticipates mid-single-digit growth in revenues before reimbursements and an EBITDA margin of 23.5% to 24.5%. For the full year 2024, the revenue growth forecast remains in the low- to mid-single digits, with an expected EBITDA margin of 27.9% to 28.1% of revenues before reimbursements. Looking to 2025, Exponent plans to increase headcount by 1% to 2% sequentially each quarter to align with market demand, aiming to sustain utilization in the mid-70s.Net Income Growth and EBITDA Margin Expansion
Exponent achieved a 6% net income growth and expanded EBITDA margin in the third quarter of 2024, marking the third consecutive quarter of increased utilization year-over-year.
Strong Performance in Consumer Electronics and Utility Sectors
Proactive business returned to year-over-year growth driven by a rebound in consumer electronics and increased engagements in the utility sector.
Raised Margin Guidance
Due to strategic alignment with market demand and a robust utilization rate of 75% for the first 9 months of 2024, Exponent raised its margin guidance for the full year.
Increased Revenue and Profitability
Total revenues increased 2% to $136.3 million, and EBITDA increased 4% to $35.8 million with a margin of 28.6% of net revenues.
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EXPO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EXPO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $106.05 | $96.64 | -8.87% |
| Jul 25, 2024 | $105.48 | $104.86 | -0.59% |
| Apr 25, 2024 | $79.00 | $94.40 | +19.49% |
| Feb 01, 2024 | $88.86 | $77.46 | -12.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Exponent (EXPO) report earnings?
Exponent (EXPO) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Exponent (EXPO) earnings time?
Exponent (EXPO) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXPO EPS forecast?
EXPO EPS forecast for the fiscal quarter 2024 (Q4) is $0.4.
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