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

CONDUENT

01/05/2024 14:32

* Conduent Inc  CNDT.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of two analysts for
the quarter was for breakeven results per share. 
    * Revenue fell 0.1% to $921.00 million from a year ago;
analysts
expected $895.50 million. 
    * Conduent Inc's reported EPS for the quarter was 46 cents​.
    * The company reported quarterly net income of $99 million.
    * Conduent Inc shares had fallen by 6.8% this quarter and
lost 13.7% so far this year.

FORECAST CHANGES
    * 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
$5.65 
This summary was machine generated from LSEG data May 1 at 01:32
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
 Mar. 31 2024      0.00           -0.09          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