Conduent (NASDAQ:CNDT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

by · The Cerbat Gem

Conduent (NASDAQ:CNDT – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01, Briefing.com reports. The company had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $817.33 million. Conduent had a negative return on equity of 7.81% and a net margin of 0.88%. Conduent’s revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. Conduent updated its FY 2024 guidance to EPS.

Conduent Trading Up 0.5 %

CNDT stock traded up $0.02 during midday trading on Friday, hitting $4.10. 1,272,626 shares of the company’s stock were exchanged, compared to its average volume of 1,100,433. Conduent has a one year low of $2.40 and a one year high of $4.22. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $665.84 million, a PE ratio of 19.52 and a beta of 1.48. The stock’s fifty day moving average price is $3.84 and its 200-day moving average price is $3.64.

Conduent Company Profile

(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