WNS Holdings (WNS) Tops Q3 EPS by 16c, Beats on Revenues; Offers FY18 EPS/Revenue Guidance Above Consensus
WNS Holdings (NYSE: WNS) reported Q3 EPS of $0.66, $0.16 better than the analyst estimate of $0.50. Revenue for the quarter came in at $185.2 million versus the consensus estimate of $175.85 million.
Fiscal 2018 Guidance
WNS is updating guidance for the fiscal year ending March 31, 2018 as follows:
- Revenue less repair payments* is expected to be between $720 million and $726 million, up from $578.4 million in fiscal 2017. This assumes an average GBP to USD exchange rate of 1.34 for the remainder of fiscal 2018.
- ANI* is expected to range between $114 million and $116 million versus $92.2 million in fiscal 2017. This assumes an average USD to INR exchange rate of 64.0 for the remainder of fiscal 2018.
- Based on a diluted share count of 52.3 million shares, the company expects adjusted diluted earnings* per ADS to be in the range of $2.18 to $2.22 versus $1.74 in fiscal 2017.
“The company has updated our forecast for fiscal 2018 based on current visibility levels and exchange rates,” said Sanjay Puria, WNS’s Chief Financial Officer. “Our revised guidance for the year reflects growth in revenue less repair payments* of 24.5% to 25.5%, or 23% to 24% on a constant currency* basis. We currently have over 99% visibility to the midpoint of the range.”
GUIDANCE:
WNS Holdings sees Q4 2018 EPS of $2.18-$2.22, versus the consensus of $2.02. WNS Holdings sees Q4 2018 revenue of $720-726 million, versus the consensus of $718.54 million.
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