Conduent (NASDAQ:CNDT) Releases Earnings Results, Beats Estimates By $0.02 EPS

Conduent (NASDAQ:CNDT) released its quarterly earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02, Briefing.com reports. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The business 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 firm earned ($0.09) earnings per share. Conduent’s revenue was down 13.4% compared to the same quarter last year. Conduent updated its FY 2024 guidance to EPS.

Conduent Trading Up 1.2 %

CNDT traded up $0.05 during mid-day trading on Friday, reaching $4.13. The stock had a trading volume of 170,564 shares, compared to its average volume of 1,095,355. The firm’s fifty day simple moving average is $3.84 and its two-hundred day simple moving average is $3.63. The stock has a market capitalization of $670.71 million, a P/E ratio of 19.43 and a beta of 1.48. Conduent has a 52 week low of $2.40 and a 52 week 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.

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.