NASDAQ$EXPO

Exponent Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Exponent's Q3 2020 financial results, ended October 2, 2020, were reported. While net revenues decreased slightly, the company expanded EBITDA margin. They are capitalizing on persistent secular trends and remain focused on demonstrating leadership through intellectual rigor and fact-based analysis.

Exponent reported a slight decrease in total revenues for Q3 2020, with a 3% decrease to $98.7 million. However, the company expanded EBITDA margin by 60 basis points. Net income decreased to $18.1 million, or $0.34 per diluted share.

  • Total revenues decreased by 3% to $98.7 million compared to the same quarter in 2019.
  • Revenues before reimbursements decreased by 2% to $93.5 million year-over-year.
  • Net income decreased to $18.1 million, or $0.34 per diluted share, compared to $19.6 million, or $0.36 per diluted share, in the same period of 2019.
  • EBITDA for the quarter was $26.0 million, flat compared to Q3 2019.

Headline financials

Total Revenue

$98.7M

Previous: $102M-2.8%
EPS (adj)

$0.34

Previous: $0.36-5.6%
Capital Expenditures

-$4.14M

Previous: -$17M+75.7%
Free Cash Flow

$13.9M

Previous: $2.61M+434.3%
Net Income

$18.1M

Previous: $19.6M-7.9%
Operating Income

$20.4M

Previous: $23.2M-12.0%

Revenue & EPS history

Exponent · Revenue · Quarterly

$98.7M

Q3 2020-2.8%vs Q3 2019
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Exponent · $125M total across 2 segments · Q3 2023

  • Engineering & Other Scientific
    $104M+7.3%
  • Environmental & Health
    $21.3M+15.4%

Forward guidance

Exponent anticipates revenues before reimbursements to decline 12% to 15% in the fourth quarter, and expects EBITDA margin to decline 250 to 350 basis points from the 27.1% achieved in the fourth quarter of 2019.

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 Q3 2020

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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