Conduent (CNDT) Set to Announce Quarterly Earnings on Wednesday

Conduent (NASDAQ:CNDT) is set to 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.03 EPS 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 the consensus estimate of $930.00 million. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business 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 Up 2.3 %

Shares of CNDT opened at $3.06 on Monday. The firm’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $3.29. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $638.44 million, a P/E ratio of -2.19 and a beta of 1.59. Conduent has a 1-year low of $2.40 and a 1-year high of $3.81.

Wall Street Analyst Weigh In

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