Concentrix (NASDAQ:CNXC – Get Free Report) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.90-3.16 for the period, compared to the consensus earnings per share estimate of $3.48. The company issued revenue guidance of $2.42-2.47 billion, compared to the consensus revenue estimate of $2.46 billion. Concentrix also updated its FY 2024 guidance to 11.050-11.310 EPS.
Concentrix Trading Down 19.0 %
NASDAQ:CNXC opened at $51.54 on Friday. Concentrix has a 1 year low of $51.02 and a 1 year high of $106.10. The stock’s fifty day moving average price is $67.59 and its two-hundred day moving average price is $63.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.54 and a quick ratio of 1.56. The company has a market cap of $3.35 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.67 and a beta of 0.61.
Concentrix (NASDAQ:CNXC – Get Free Report) last posted its earnings results on Wednesday, September 25th. The company reported $2.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.06). Concentrix had a net margin of 3.08% and a return on equity of 17.00%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm earned $2.54 EPS. The firm’s quarterly revenue was up 46.2% compared to the same quarter last year. As a group, analysts expect that Concentrix will post 10.8 EPS for the current year.
Analyst Ratings Changes
Read Our Latest Stock Analysis on CNXC
Insider Transactions at Concentrix
In related news, EVP Cormac J. Twomey sold 400 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $74.63, for a total value of $29,852.00. Following the transaction, the executive vice president now owns 29,327 shares of the company’s stock, valued at $2,188,674.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.
Concentrix Company Profile
Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.
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