Conduent (CNDT) Set to Announce Earnings on Wednesday

Conduent (NASDAQ:CNDT) will be posting its quarterly earnings results 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $953.00 million for the quarter, compared to analysts’ expectations of $930.00 million. The business’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm 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 Trading Down 0.7 %

Shares of CNDT opened at $3.03 on Wednesday. The firm has a market cap of $632.18 million, a price-to-earnings ratio of -2.16 and a beta of 1.59. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.91 and a current ratio of 1.91. Conduent has a fifty-two week low of $2.40 and a fifty-two week high of $3.81. The firm has a 50 day moving average price of $3.32 and a 200-day moving average price of $3.30.

Analyst Ratings Changes

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

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.