Conduent (NASDAQ:CNDT - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01, Briefing.com reports. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The firm had revenue of $807.00 million for the quarter, compared to analysts' expectations of $817.33 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The firm's quarterly revenue was down 13.4% on a year-over-year basis. Conduent updated its FY 2024 guidance to EPS.
Conduent Price Performance
Shares of NASDAQ:CNDT opened at $4.10 on Friday. The company has a market cap of $665.84 million, a P/E ratio of 19.52 and a beta of 1.48. The company's fifty day moving average is $3.84 and its two-hundred day moving average is $3.64. Conduent has a 12-month low of $2.40 and a 12-month high of $4.22. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.05.
About Conduent
(
Get Free Report)
Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.
Read More
Before you consider Conduent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conduent wasn't on the list.
While Conduent currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
