Medpace Holdings Inc
MEDP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|J% | LOCK|<C&^Y | LOCK|znWgS$q |
Medpace Earnings: Despite Strong Revenue, Elevated Cancellations Worry Investors; Shares Tank 16%
Medpace reported fourth-quarter revenue of $708.5 million, growing 32% over the prior-year period. However, elevated cancellations resulted in a net book/bill ratio of 1.04 times in the quarter, down sequentially from 1.20 in the third quarter. The stock dropped 16% on Feb. 10.
