EXLS Stock Surges Over 5% Following Strong Earnings Report

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Nov 06, 2024
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ExlService Holdings Inc. (EXLS, Financial) experienced a significant stock price rally, soaring 5.04%. The stock is now priced at $45.25 per share, with a trading volume of approximately 704,412 shares and a volatility of 2.69%. The company's recent earnings report revealed a revenue of $472 million, a net profit of $53.04 million, and earnings per share (EPS) of $0.33. The stock's price-to-earnings (P/E) ratio stands at 39.68.

Among analysts covering EXLS, 73% have issued a buy recommendation, while 27% suggest holding the stock. There have been no sell recommendations. The IT services sector, where ExlService operates, saw overall growth of 2.23%. Notable performers in this sector include Arb Iot Group Limited and Applied Digital Corporation, which exhibited large gains and high trading activity.

ExlService Holdings is a business process management company offering digital operations and analytics services. It leverages expertise in analytics, AI, machine learning, and cloud computing to drive business transformation. The company operates in four segments: insurance, healthcare, emerging markets, and analytics, with the majority of its revenue generated in the U.S., predominantly from its analytics segment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.