NASDAQ$EXPO
Exponent Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported a decrease in net revenues but maintained financial strength.
Exponent, Inc. reported a 12% decrease in net revenues for the second quarter of 2020, while maintaining a strong financial position with $190 million in cash, cash equivalents, and short-term investments and no debt. The company's interdisciplinary solutions remain in demand, particularly in areas related to safety, health, sustainability, and reliability.
- Net revenues declined by 12% compared to the same period last year.
- Net income decreased to $16.3 million, or $0.31 per diluted share.
- Ended the quarter with $190 million in cash, cash equivalents and short-term investments and no debt.
- The most substantial impact occurred to our litigation support work for the transportation industry, with most assignments paused due to court-related delays.
Headline financials
Revenue & EPS history
Exponent · Revenue · Quarterly
$92M
Revenue by segment
Exponent · $87.9M total across 2 segments · Q2 2020
- Engineering & Other Scientific$68.6M—78.0%
- Environmental & Health$19.3M—22.0%
Forward guidance
Due to the high degree of uncertainty surrounding how and over what timeframe each region will impose or relax restrictions means that there could be further reduction to our revenues in the short term. Therefore, we cannot reliably provide financial guidance at this time
Headwinds
- Net revenues for the first three weeks of the third quarter declined approximately 5% to 8% year-over-year.
- High degree of uncertainty surrounding how and over what timeframe each region will impose or relax restrictions means that there could be further reduction to our revenues in the short term.
- Cannot reliably provide financial guidance at this time.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.5%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+2.7%
Avg return
30 days after
52%
33 / 63 earnings
Positive
+18.1%
Q1 2024
Best reaction
-12.4%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -4.0% | -12.8% | |
| Q4 2025 | +12.7% | +1.3% | +1.5% | |
| Q3 2025 | +7.9% | +10.2% | +8.2% | |
| Q1 2025 | -1.5% | -3.8% | -1.9% | |
| Q4 2024 | +1.2% | +0.8% | -4.8% | |
| Q3 2024 | -9.5% | -8.7% | -8.5% | |
| Q2 2024 | +0.2% | +1.7% | +1.0% | |
| Q1 2024 | +18.1% | +14.0% | +19.5% | |
| Q4 2023 | -11.1% | -11.2% | -8.5% | |
| Q3 2023 | -12.4% | -11.7% | -6.5% | |
| Q2 2023 | -6.3% | -7.1% | -4.8% | |
| Q1 2023 | -2.3% | -3.7% | -2.4% | |
| Q4 2022 | +7.4% | +5.5% | +1.8% | |
| Q3 2022 | +3.6% | +7.1% | +13.0% | |
| Q2 2022 | +5.9% | +3.1% | +3.1% | |
| Q1 2022 | -5.6% | -9.9% | -10.4% | |
| Q4 2021 | -10.1% | -8.4% | +3.8% | |
| Q3 2021 | +2.7% | +2.4% | +4.4% | |
| Q2 2021 | +9.0% | +11.5% | +17.9% | |
| Q1 2021 | -0.6% | -1.2% | -5.9% | |
| Q4 2020 | +3.2% | +8.8% | +9.0% | |
| Q3 2020 | -3.7% | +0.4% | +15.4% | |
| Q2 2020 | +2.1% | +0.3% | +0.0% | |
| Q1 2020 | -5.8% | -7.2% | +4.4% | |
| Q3 2019 | -5.5% | -7.3% | -8.6% | |
| Q2 2019 | +9.4% | +10.7% | +17.4% | |
| Q1 2019 | -0.8% | -0.2% | -0.1% | |
| Q4 2018 | +1.2% | +3.3% | +14.7% | |
| Q3 2018 | +0.7% | +1.7% | +9.3% | |
| Q2 2018 | -3.0% | -0.6% | +0.9% | |
| Q1 2018 | +1.3% | +1.1% | +11.1% | |
| Q4 2017 | +3.2% | +1.3% | +3.2% | |
| Q3 2017 | -3.4% | -2.4% | -1.5% | |
| Q2 2017 | +13.7% | +11.5% | +10.3% | |
| Q1 2017 | +1.7% | +1.6% | +0.3% | |
| Q4 2016 | -3.1% | +0.0% | +0.8% | |
| Q3 2016 | +10.3% | +15.5% | +23.3% | |
| Q2 2016 | -11.2% | -11.2% | -13.7% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | +6.8% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | +6.9% | — | — | |
| Q4 2014 | +8.5% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | +6.4% | — | — | |
| Q1 2014 | -3.0% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | +3.9% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | -11.5% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2011 | -1.8% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +3.7% | — | — | |
| Q1 2010 | +3.7% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q3 2011 | -2.3% | — | — | |
| Q2 2011 | -2.0% | — | — | |
| Q4 2010 | -2.0% | — | — | |
| Q2 2010 | -2.0% | — | — |
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