NCR Voyix Corp reports results for the quarter ended in June - Earnings Summary

NCR Voyix

06/08/2024 14:30

* NCR Voyix Corp  VYX.N  reported quarterly adjusted
earnings of 9
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 94
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 16 cents per share. Wall Street expected
results to range from 11 cents to 25 cents per share.
    * Revenue fell 55.9% to $876.00 million from a year ago;
analysts
expected $886.60 million. 
    * NCR Voyix Corp's reported EPS for the quarter was a loss
of 54
cents​.
    * The company reported a quarterly loss of $78 million.
    * NCR Voyix Corp shares had risen by 1.2% this quarter and
lost 26.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 NCR Voyix Corp is
$19.00 
This summary was machine generated from LSEG data August 6 at
01:30 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
 Jun. 30 2024      0.16           0.09           Missed
 Mar. 31 2024      0.05           0.13           Beat
 Dec. 31 2023      0.45           -0.82          Missed
 Sep. 30 2023      0.98           0.95           Missed