Conduent Inc reports results for the quarter ended in December - Earnings Summary

CONDUENT

14/02/2024 17:43

* Conduent Inc  CNDT.OQ  reported quarterly adjusted
earnings of 3
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 1
cents.  The lone analyst forecast for the quarter was
for earnings of 4 cents per share. 
    * Revenue fell 3.3% to $953.00 million from a year ago;
analysts
expected $930.00 million. 
    * Conduent Inc's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $6 million.
    * Conduent Inc shares had fallen by 6.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "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
$4.81 
This summary was machine generated from LSEG data February 14 at
05:43 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.03           Missed
 Sep. 30 2023      0.02           -0.09          Missed
 Jun. 30 2023      -0.06          0.01           Beat
 Mar. 31 2023      0.06           0.00           Missed