Genpact (NYSE: G) shares are surging 8.23% in pre-market trading, building on the previous day's 5.34% gain, as investors react to the company's impressive third-quarter earnings report and optimistic outlook. The global professional services firm not only beat analyst expectations but also raised its full-year guidance, while receiving positive ratings from multiple analysts.
In its Q3 report, Genpact posted revenue of $1.291 billion, up 6.6% year-over-year and surpassing the consensus estimate of $1.266 billion. Adjusted earnings per share came in at $0.97, significantly beating the expected $0.90. The company's performance was bolstered by strong growth across its business segments, with Advanced Technology Solutions net revenues increasing by an impressive 20.0% to $311 million.
Adding to the positive sentiment, Genpact raised its full-year 2025 outlook, now expecting net revenues in the range of $5.059 billion to $5.071 billion. The company also projects adjusted diluted earnings per share between $3.60 and $3.61 for the full year, up from the previous range of $3.51 to $3.58. This upward revision in guidance, coupled with the strong Q3 results, appears to be a key driver of the stock's pre-market surge. Furthermore, analysts from Needham and TD Cowen have reiterated their Buy ratings on Genpact, with price targets of $53.00 and $55.00 respectively, underscoring their confidence in the company's growth trajectory and strategic investments, particularly in the Data-Tech-AI segment.