Conduent (CNDT) Set to Announce Earnings on Wednesday

Conduent (NASDAQ:CNDT) will release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Conduent to post earnings of ($0.15) per share for the quarter. Conduent has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Conduent (NASDAQ:CNDT) last posted its quarterly 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 business had revenue of $953.00 million for the quarter, compared to analyst estimates of $930.00 million. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $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 Trading Down 0.7 %

NASDAQ:CNDT opened at $3.03 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $632.18 million, a price-to-earnings ratio of -2.16 and a beta of 1.59. The firm has a fifty day simple moving average of $3.32 and a two-hundred day simple moving average of $3.30. Conduent has a 12 month low of $2.40 and a 12 month high of $3.81.

Analyst Ratings Changes

A number of research firms have commented on CNDT. Noble Financial initiated coverage on shares of Conduent in a report on Thursday, March 14th. They issued an “outperform” rating and a $9.00 price target for the company. StockNews.com cut shares of Conduent from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th.

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.