Medpace Analysts Increase Their Forecasts After Upbeat Q3 Earnings
Better-than-expected earnings and sales growth suggest strong future performance, similar to past quarterly surprises that led to price appreciation.
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Better-than-expected earnings and sales growth suggest strong future performance, similar to past quarterly surprises that led to price appreciation.
What happened, with direct paths to the underlying reporting
Medpace reported Q3 earnings of $3.86, beating estimates of $3.52. Sales rose to $659.9 million, exceeding the $640.99 million consensus. Fiscal 2025 EPS guidance increased to $14.60-$14.86, above consensus of $14.07. Mizuho increased price target to $655 while maintaining Outperform rating. Barclays raised target to $485 with an Underweight rating.
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