FY2024 Earnings Forecast for Conduent Issued By Sidoti Csr

Conduent Incorporated (NASDAQ:CNDT - Free Report) - Equities research analysts at Sidoti Csr lifted their FY2024 earnings estimates for shares of Conduent in a research report issued to clients and investors on Thursday, November 7th. Sidoti Csr analyst M. Riddick now anticipates that the company will post earnings per share of ($0.45) for the year, up from their prior forecast of ($0.53). The consensus estimate for Conduent's current full-year earnings is ($0.45) per share. Sidoti Csr also issued estimates for Conduent's Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at ($0.02) EPS.

Conduent Price Performance

Shares of CNDT stock traded up $0.11 on Monday, reaching $4.21. The company's stock had a trading volume of 347,473 shares, compared to its average volume of 1,096,872. The stock's fifty day simple moving average is $3.84 and its 200-day simple moving average is $3.64. Conduent has a 1 year low of $2.46 and a 1 year high of $4.23. The company has a current ratio of 1.75, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $673.14 million, a price-to-earnings ratio of 1.83 and a beta of 1.48.

Conduent (NASDAQ:CNDT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The business had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. During the same period last year, the firm posted ($0.09) EPS. The company's revenue was down 13.4% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Guardian Capital LP purchased a new position in shares of Conduent in the first quarter valued at $34,000. HTG Investment Advisors Inc. purchased a new position in shares of Conduent in the second quarter valued at $37,000. Headlands Technologies LLC grew its holdings in shares of Conduent by 1,084.3% in the first quarter. Headlands Technologies LLC now owns 14,366 shares of the company's stock valued at $49,000 after purchasing an additional 13,153 shares in the last quarter. Algert Global LLC purchased a new position in Conduent during the second quarter worth $52,000. Finally, Williams & Novak LLC purchased a new position in Conduent during the second quarter worth $65,000. 77.28% of the stock is owned by hedge funds and other institutional investors.

Conduent Company Profile

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.