Conduent Inc CNDT.OQ reported a quarterly adjusted loss of 13 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of three analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -19 cents to -10 cents per share.
Revenue fell 8.9% to $754.00 million from a year ago; analysts expected $763.67 million.
Conduent Inc's reported EPS for the quarter was a loss of 26 cents.
The company reported a quarterly loss of $40 million.
Conduent Inc shares had fallen by 6.8% this quarter and lost 39.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 20.8% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "strong 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 "buy."
Wall Street's median 12-month price target for Conduent Inc is $7.00, about 64.9% above its last closing price of $2.46
This summary was machine generated from LSEG data August 6 at 02:07 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)