Medpace Holdings, Inc. Reports Third Quarter 2019 Results
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Medpace Holdings (MEDP) Reports In-Line Q3 EPS, Slight Miss on Revenues; Offers FY19 EPS/Revenue Outlook
October 28, 2019 4:37 PM EDTMedpace Holdings (NASDAQ: MEDP) reported Q3 EPS of $0.71, in-line with the analyst estimate of $0.71. Revenue for the quarter came in at $216.2 million versus the consensus estimate of $217.14 million.
Revenue of $216.2 million in the third quarter of 2019 increased 20.6% from revenue of $179.3 million for the comparable prior-year period, representing a backlog conversion rate of 18.5%.Net new business awards were $285.4 million in the third quarter of 2019, representing an increase of 25.4% from net new business awards of $227.6 million for the comparable... More