Concentrix (NASDAQ:CNXC) Updates FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 11.180-11.770 for the period, compared to the consensus estimate of 11.970. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.7 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Concentrix Price Performance

Concentrix stock traded up $0.99 during midday trading on Wednesday, reaching $47.47. The company’s stock had a trading volume of 1,558,388 shares, compared to its average volume of 704,377. Concentrix has a fifty-two week low of $36.28 and a fifty-two week high of $106.10. The firm has a market capitalization of $3.08 billion, a PE ratio of 15.41, a P/E/G ratio of 0.56 and a beta of 0.63. The stock’s 50 day simple moving average is $43.25 and its 200 day simple moving average is $55.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CNXC shares. Robert W. Baird began coverage on Concentrix in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 price target for the company. Barrington Research decreased their target price on Concentrix from $84.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, September 26th. Bank of America reduced their price objective on Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Canaccord Genuity Group cut their price target on Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, September 26th. Finally, Baird R W raised Concentrix to a “strong-buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $79.00.

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.