Exponent tumbles on heels of Q3 results

Exponent

18/10/2019 16:47

** Exponent  EXPO.O  shares down 7.36% at $65.59; stock on track
for biggest one-day pct drop since July 2016
    ** Co reported quarterly adjusted EPS after the close on
Thurs of 36 cents vs mean expectation of 6 analysts for EPS of
34 cents; revenue rose 6.6% to $101.55 mln from a year ago;
analysts expected $102.49 mln  urn:newsml:reuters.com:*:nASC0AEXO
    ** The analyst median price target is $75.00, up from $70 a
month ago and from $66.50 on July 18; median price target 5.9%
higher than Thurs close of $70.80
    ** Stock now below 10-day moving avg of $69.45 and 50-day MA
of $69.99; 200-day MA stands at $60.37
    ** At yesterday's close the mean 12-month forward
price-to-earnings ratio for Exponent Inc was 44.93, 25.81%
higher than it was at the end of last year
    ** With Fri drop, EXPO down ~6% this month, but still up 29%
in 2019

 ((charles.mikolajczak@tr.com; @ChuckMik; +1 646 223 5234;
Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))