Conduent Inc expected to post a loss of 28 cents a share - Earnings Preview
05/08/2024 15:29
* Conduent Inc CNDT.OQ CNDT.O is expected to show a fall
in
quarterly revenue when it reports results on August 7 for the
period ending June 30 2024
* The Florham Park New Jersey-based company is expected to
report
a 12.2% decrease in revenue to $803.333 million from $915
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$795.00 million and $810.00 million.
* LSEG's mean analyst estimate for Conduent Inc is for a
loss
of 28 cents per share.
* The current average analyst rating on the shares is "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 also "Buy".
* Wall Street's median 12-month price target for Conduent
Inc is
$5.70, above its last closing price of $3.75.
The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD795 million and USD24.3 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 0.00 -0.09 Missed
Dec. 31 2024 0.04 0.04 0.03 Missed -25
Sep. 30 2023 0.02 0.02 -0.09 Missed -550
Jun. 30 2023 -0.06 -0.06 0.01 Beat 116.7
Mar. 0.06 0.06 0.00 Missed -100
31 2023
Dec. 31 2022 0.05 0.05 0.01 Missed -80.4
Sep. 30 2022 0.08 0.08 0.09 Beat 11.8
Jun. 30 2022 0.06 0.05 0.03 Missed -39.7
This summary was machine generated August 5 at 14:29 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)