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

CONDUENT

07/08/2024 14:52

* Conduent Inc  CNDT.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of three analysts for the quarter
was for a loss of 28 cents per share. Wall Street expected
results to range from -29 cents to -26 cents per share.
    * Revenue fell 9.5% to $828.00 million from a year ago;
analysts
expected $803.33 million. 
    * Conduent Inc's reported EPS for the quarter was $1.07​.
    * The company reported quarterly net income of $216 million.
    * Conduent Inc shares had risen by 9.5% this quarter and
lost 2.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 358.3% 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 "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 
This summary was machine generated from LSEG data August 7 at
01:52 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
 Jan. 1 0001       -0.27          -0.14          Beat
 Mar. 31 2024      0.00           -0.09          Missed
 Dec. 31 2023      0.04           0.03           Missed
 Sep. 30 2023      0.02           -0.09          Missed