Picture of CONDUENT logo

CNDT CONDUENT News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologyAdventurousSmall CapNeutral

Business process solutions firm Conduent misses Q3 revenue estimates

Overview

Conduent Q3 revenue declined 5% yr/yr, missing analyst expectations

Adjusted EPS for Q3 missed analyst expectations

Company completed debt refinancing, enhancing financial stability

Outlook

Conduent expects FY 2025 adjusted revenue between $3.05 bln and $3.1 bln

Company anticipates FY 2025 adjusted EBITDA margin of 5.0% to 5.5%

Conduent focuses on cash generation and expanding pipeline opportunities

Result Drivers

PUBLIC SECTOR PERFORMANCE - Strong performance in Public Sector businesses despite Federal government shutdown

OPERATIONAL EFFICIENCY - Improved Adjusted EBITDA and margin due to operational efficiency efforts

AI INTEGRATION - Deployment of AI in government solutions to enhance efficiency and combat fraud

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$767 mln
Q3 Adjusted RevenueMiss$767 mln$794.33 mln (3 Analysts)
Q3 Adjusted EPSMiss-$0.09-$0.07 (2 Analysts)
Q3 EPS-$0.30
Q3 Net Income-$46 mln
Q3 Adjusted EBITDA$40 mln
Q3 Adjusted EBITDA Margin5.20%
Analyst Coverage The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the it services & consulting peer group is "buy." Wall Street's median 12-month price target for Conduent Inc is $7.00, about 68.3% above its November 6 closing price of $2.22 Press Release: ID:nGNXbNp5k4 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on CONDUENT

See all news