Research Analysts Issue Forecasts for Conduent Q1 Earnings

Key Points

• Sidoti raised its Q1 2027 EPS forecast for Conduent to a loss of $0.01 per share from a prior estimate of a $0.02 loss. The firm forecasts full-year 2027 EPS of $0.01, while the current full-year estimate is a $0.37 loss.
• Analyst sentiment remains mixed but leans cautious: Conduent has an average “Hold” rating, with recent downgrades from Zacks Research and Wall Street Zen and a reaffirmed “Sell” rating from Weiss Ratings.
• Conduent’s latest quarter fell short of expectations, reporting a $0.18-per-share loss versus a projected $0.17 loss and revenue of $531 million versus the $702 million consensus estimate. Hedge funds and other institutions own 77.28% of the company’s shares.

Conduent Inc. (NASDAQ:CNDT - Free Report) - Equities research analysts at Sidoti raised their Q1 2027 earnings per share (EPS) estimates for shares of Conduent in a report released on Thursday, October 1st. Sidoti analyst M. Riddick now expects that the company will post earnings of ($0.01) per share for the quarter, up from their previous forecast of ($0.02). The consensus estimate for Conduent's current full-year earnings is ($0.37) per share. Sidoti also issued estimates for Conduent's Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at $0.00 EPS and FY2027 earnings at $0.01 EPS.

Several other research firms also recently issued reports on CNDT. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Conduent in a research note on Friday, July 17th. Wall Street Zen cut shares of Conduent from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 15th. Finally, Zacks Research downgraded shares of Conduent from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold".

Conduent Price Performance

CNDT opened at $1.65 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $256.61 million, a price-to-earnings ratio of -1.09 and a beta of 1.45. Conduent has a one year low of $1.15 and a one year high of $2.82. The business's fifty day moving average is $1.64 and its two-hundred day moving average is $1.56.

Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.01). The firm had revenue of $531.00 million during the quarter, compared to analysts' expectations of $702.00 million. Conduent had a negative net margin of 8.17% and a negative return on equity of 9.02%.

Institutional Trading of Conduent

Several institutional investors and hedge funds have recently made changes to their positions in CNDT. Nierenberg Investment Management Company LLC purchased a new stake in Conduent during the 2nd quarter worth about $25,630. Pallas Capital Advisors LLC purchased a new position in Conduent in the 2nd quarter valued at about $30,000. GSA Capital Partners LLP purchased a new position in Conduent in the 2nd quarter valued at about $30,000. AXQ Capital LP acquired a new stake in shares of Conduent during the 4th quarter worth about $40,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Conduent during the 1st quarter worth about $51,000. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

About Conduent

Conduent Incorporated NASDAQ: CNDT is a business services and digital solutions company that helps government agencies and commercial organizations manage customer interactions, administrative processes and transaction-based operations. Its services combine technology platforms, automation, data management and outsourced business processes.

For government clients, Conduent provides services related to public benefits administration, healthcare programs, eligibility and enrollment, child support, workforce services and other citizen-facing programs.

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