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

CONDUENT

02/11/2023 20:59

* Conduent Inc  CNDT.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 9
cents.  The lone analyst forecast for the quarter was
for earnings of 2 cents per share. 
    * Revenue fell 4.6% to $932.00 million from a year ago;
analysts
expected $915.00 million. 
    * Conduent Inc's reported EPS for the quarter was a loss of
$1.34​.
    * The company reported a quarterly loss of $289 million.
    * Conduent Inc shares had fallen by 25.3% this quarter and
lost 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 71.4%
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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Conduent
Inc is
$4.65 

This summary was machine generated from LSEG data November 2 at
08:59 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.05           0.01           Missed