Medpace Holdings (MEDP) Tops Q3 EPS by 4c

Medpace Holdings (NASDAQ: MEDP) reported Q3 EPS of $0.40, $0.04 better than the analyst estimate of $0.36. Revenue for the quarter came in at $110.64 million versus the consensus estimate of $95.14 million.

GUIDANCE:

Medpace Holdings sees FY2017 EPS of $1.47-$1.52.

"Based on forecasted 2017 net service revenue of $381 million to $386 million and GAAP net income of $35.5 million to $37.2 million, diluted earnings per share (GAAP) is forecasted in the range of $0.87 to $0.92. Adjusted Net Income for 2017 is forecasted in the range of $59.0 million to $61.0 million, compared to Adjusted Net Income of $55.7 million for 2016. Furthermore, Adjusted Net Income per diluted share for 2017 is expected in the range of $1.47 to $1.52 per share."

For earnings history and earnings-related data on Medpace Holdings (MEDP) click here.

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