Why Exponent, Inc. (NASDAQ: EXPO) stock is crashing

Free $100 Forex No-Deposit Bonus

Exponent, Inc. (NASDAQ: EXPO) stock fell over 7.3% on 18th October, 2019 (As of 11:46 am GMT-4; Source: Google finance) . EXPO expects revenues before reimbursements for the full year 2019 to grow in the high-single digits, as compared to last year. The company expect the fourth quarter revenue growth in the low- to mid- teens. EXPO expect EBITDA margin for the full year 2019 to be decline approximately 25 basis points from the 27.3% achieved in 2018. This includes EBITDA margin declining 25 to 75 basis points in the fourth quarter, as compared to the same period a year ago.

The company has reported net income of $19.6 million in the third quarter of 2019, as compared to $17.5 million, in the same period of 2018. The company’s tax benefit for the classification of tax adjustments associated with share-based awards realized in the third quarter of 2019 was $1.7 million as compared to $0.1 million in the same period last year.  EBITDA had increased to $26 million, as compared to $24.8 million in the third quarter of 2018. Year-to-date net income  has increased 13% to $63.3 million. Year-t0-date, operating cash flow was $52.3 million. Capital expenditures were $4.5 million for the third quarter.

EXPO in the third quarter of FY 19 has reported the adjusted earnings per share of 36 cents, beating the analysts’ estimates for the adjusted earnings per share of 34 cents. The company had reported the adjusted revenue growth of 8 percent to $95.5 billion in the third quarter of FY 19 compared to $88.7 million in the same period one year ago.

EXPO expect CapEx to be in the range of $20 million to $$22 million in 2019. CapEx should return to approximately $6 million to $8 million annually after the completion of the new building in Boston. The company now expect EBITDA margin for the full year to be down approximately 25 basis points from the 27.3% achieved in 2018. This includes EBITDA margin to decline around 25 basis points to 75 basis points in the fourth quarter as compared to the same period a year ago. Additionally, the company has announced a fourth quarter dividend payment of $0.16. The company has distributed $25.2 million to shareholders through dividend payments and closed the period with $210 million in cash and short-term investments.

Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.