Conduent (CNDT) to Release Quarterly Earnings on Wednesday

Conduent (NASDAQ:CNDT) will announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Conduent has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Conduent (NASDAQ:CNDT) last issued its earnings results on Wednesday, February 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $953.00 million during the quarter, compared to analysts’ expectations of $930.00 million. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 EPS. On average, analysts expect Conduent to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Conduent Stock Performance

Shares of CNDT stock opened at $3.06 on Monday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.97. The business has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $3.29. Conduent has a 52-week low of $2.40 and a 52-week high of $3.81. The stock has a market cap of $638.44 million, a PE ratio of -2.19 and a beta of 1.59.

Analyst Ratings Changes

CNDT has been the subject of a number of research analyst reports. StockNews.com cut shares of Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Noble Financial initiated coverage on Conduent in a research report on Thursday, March 14th. They set an “outperform” rating and a $9.00 price objective on the stock.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.