Conduent (NASDAQ:CNDT) Issues Quarterly Earnings Results

Conduent (NASDAQ:CNDT) announced its quarterly earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.02, Briefing.com reports. Conduent had a negative return on equity of 7.81% and a net margin of 0.88%. The company had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The firm’s revenue was down 13.4% on a year-over-year basis. Conduent updated its FY 2024 guidance to EPS.

Conduent Stock Down 1.2 %

Shares of NASDAQ CNDT traded down $0.05 on Thursday, hitting $4.08. The company had a trading volume of 1,912,362 shares, compared to its average volume of 1,099,636. Conduent has a 12-month low of $2.40 and a 12-month high of $4.22. The business has a 50 day moving average of $3.83 and a two-hundred day moving average of $3.63. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $662.59 million, a P/E ratio of 19.29 and a beta of 1.48.

Conduent Company Profile

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.