Medpace Holdings Inc

MEDP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Medpace Earnings: Shares Fall Due to Cancellations From Biotech Funding Issues

Rachel Elfman

Oct 22, 2024

Medpace reported mixed third-quarter results, as revenue increased 8.3% from the prior-year period but net new business awards decreased 12.7% due to elevated cancellations. This resulted in a net book-to-bill ratio of 1.00 in the third quarter, compared with 1.04 in the second quarter of 2024. These near-term headwinds are tracking our expectations, and we maintain our fair value estimate of $296 per share.

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Medpace Holdings Inc

Medpace Earnings: Shares Fall Due to Cancellations From Biotech Funding Issues

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