Conduent (CNDT) Scheduled to Post Quarterly Earnings on Wednesday

Conduent (NASDAQ:CNDT - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Conduent has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Conduent (NASDAQ:CNDT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $953.00 million during the quarter, compared to analysts' expectations of $930.00 million. During the same period in the prior year, the firm earned $0.01 EPS. The business's revenue was down 3.3% on a year-over-year basis. On average, analysts expect Conduent to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Conduent Trading Up 1.3 %

CNDT stock traded up $0.04 during midday trading on Wednesday, hitting $3.07. The company had a trading volume of 751,482 shares, compared to its average volume of 980,101. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 1.97. Conduent has a 52 week low of $2.40 and a 52 week high of $3.81. The stock's 50 day moving average price is $3.32 and its 200 day moving average price is $3.30. The stock has a market cap of $640.52 million, a price-to-earnings ratio of -2.16 and a beta of 1.59.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNDT. Noble Financial began coverage on Conduent in a research note on Thursday, March 14th. They set an "outperform" rating and a $9.00 target price on the stock. StockNews.com cut Conduent from a "buy" rating to a "hold" rating in a research note on Wednesday, March 6th.

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.