Genpact Limited (G) was a big mover last session, as the company saw its shares rise more than 6% on the day. The share price appreciation came after the company’s second-quarter 2015 earnings of 32 cents per share beat analyst expectations. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $21.22 to $22.27 over the past one-month time frame.
None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Genpact Limited carries a Zacks Rank #3 (Hold).
A better-ranked stock in the outsourcing industry is Sykes Enterprises, Incorporated (SYKE), carrying a Zacks Rank #2 (Buy).
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