NASDAQ$MEDP
Medpace Holdings Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Medpace's Q2 2024 financial performance was strong, with revenue and earnings increasing significantly year-over-year.
Medpace Holdings, Inc. reported a revenue increase of 14.6% to $528.1 million for Q2 2024. GAAP net income rose to $88.4 million, or $2.75 per diluted share, compared to $61.1 million, or $1.93 per diluted share, in the same period last year. Net new business awards were $551.0 million, resulting in a book-to-bill ratio of 1.04x. The company forecasts 2024 revenue in the range of $2.125 billion to $2.175 billion.
- Revenue increased by 14.6% to $528.1 million compared to Q2 2023.
- Net new business awards totaled $551.0 million, yielding a book-to-bill ratio of 1.04x.
- GAAP net income was $88.4 million, or $2.75 per diluted share, up from $61.1 million, or $1.93 per diluted share, in Q2 2023.
- EBITDA increased by 34.2% to $112.3 million, representing 21.3% of revenue.
Headline financials
Revenue & EPS history
Medpace · Revenue · Quarterly
$528M
Forward guidance
The Company forecasts 2024 revenue in the range of $2.125 billion to $2.175 billion. GAAP net income for full year 2024 is forecasted in the range of $361.0 million to $383.0 million. Additionally, full year 2024 EBITDA is expected in the range of $430.0 million to $460.0 million.
Tailwinds
- Revenue is forecasted between $2.125 billion and $2.175 billion, indicating a growth of 12.7% to 15.3% over 2023.
- GAAP net income is projected to be in the range of $361.0 million to $383.0 million for the full year 2024.
- Diluted earnings per share (GAAP) are forecasted to be between $11.24 and $11.93.
- EBITDA is expected to be in the range of $430.0 million to $460.0 million for the full year 2024.
- Guidance assumes a full year 2024 tax rate of 15.0% to 16.0% and interest income of $24.0 million.
Headwinds
- Guidance does not include the potential impact of any share repurchases the Company may make pursuant to the share repurchase program after June 30, 2024.
- The forecasts are forward-looking statements, subject to risks, uncertainties, and assumptions.
- Actual results could vary materially from past results and those anticipated, estimated, or projected.
- The company operates in a competitive and rapidly changing environment, and new risks emerge from time to time.
- Achievement of anticipated results is subject to substantial risks, uncertainties and inaccurate assumptions.
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 2024
-1.7%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+1.1%
Avg return
30 days after
44%
19 / 43 earnings
Positive
+39.0%
Q3 2022
Best reaction
-31.5%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -19.4% | -14.9% | |
| Q4 2025 | -15.9% | -19.3% | -16.3% | |
| Q3 2025 | +9.0% | +6.2% | +8.2% | |
| Q2 2025 | -0.2% | +1.5% | +7.0% | |
| Q1 2025 | -2.3% | +3.3% | +1.4% | |
| Q4 2024 | -7.5% | -4.0% | -10.3% | |
| Q3 2024 | -8.4% | -7.3% | -8.5% | |
| Q2 2024 | -15.2% | -9.5% | -6.1% | |
| Q1 2024 | +9.4% | +6.4% | +4.8% | |
| Q4 2023 | +11.6% | +20.0% | +25.0% | |
| Q3 2023 | +18.8% | +9.2% | +20.8% | |
| Q2 2023 | +4.6% | +3.9% | +1.8% | |
| Q1 2023 | +10.2% | +5.9% | +7.2% | |
| Q4 2022 | -2.9% | -7.6% | -20.4% | |
| Q3 2022 | +39.0% | +41.5% | +39.2% | |
| Q2 2022 | -2.9% | +5.0% | +3.8% | |
| Q1 2022 | -12.0% | -11.3% | -12.2% | |
| Q4 2021 | -20.6% | -18.2% | -12.1% | |
| Q3 2021 | +13.9% | +21.1% | +14.4% | |
| Q2 2021 | -6.0% | -3.4% | -0.8% | |
| Q1 2021 | -12.8% | -11.3% | -13.3% | |
| Q4 2020 | -2.7% | -5.3% | -2.0% | |
| Q3 2020 | -6.1% | -4.8% | +4.4% | |
| Q2 2020 | +15.5% | +12.8% | +16.7% | |
| Q1 2020 | -2.5% | -11.9% | +9.0% | |
| Q4 2019 | +2.4% | -9.7% | -31.7% | |
| Q3 2019 | +0.8% | -0.5% | +3.8% | |
| Q2 2019 | +24.9% | +19.9% | +27.2% | |
| Q1 2019 | -4.3% | -1.6% | -4.7% | |
| Q4 2018 | -21.3% | -21.8% | -18.4% | |
| Q3 2018 | +0.2% | +13.9% | +21.8% | |
| Q2 2018 | +28.6% | +24.4% | +23.4% | |
| Q1 2018 | +2.3% | -0.0% | +12.9% | |
| Q4 2017 | -15.7% | -14.3% | -5.3% | |
| Q3 2017 | +6.2% | +5.6% | -3.7% | |
| Q2 2017 | +8.0% | +15.1% | +17.2% | |
| Q1 2016 | -31.5% | -29.1% | -12.6% | |
| Q1 2017 | -29.1% | -27.5% | -12.3% | |
| Q4 2014 | -21.3% | -20.7% | -22.2% | |
| Q2 2016 | -21.3% | -20.7% | -22.2% | |
| Q4 2016 | -19.8% | -20.1% | -22.3% | |
| Q3 2016 | +3.8% | +8.1% | +24.0% | |
| Q4 2015 | +3.8% | +8.1% | +24.0% | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q1 2014 | — | — | — |
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