Concentrix (NASDAQ:CNXC) Issues Q1 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.490-2.640 for the period, compared to the consensus EPS estimate of 2.850. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Wall Street Analysts Forecast Growth

CNXC has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced their target price on Concentrix from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, September 26th. Baird R W upgraded shares of Concentrix to a “strong-buy” rating in a report on Thursday, October 3rd. Robert W. Baird began coverage on shares of Concentrix in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 target price on the stock. Barrington Research decreased their price target on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Finally, Bank of America dropped their price objective on Concentrix from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Concentrix currently has a consensus rating of “Buy” and a consensus target price of $79.00.

Concentrix Stock Up 2.1 %

CNXC stock traded up $0.99 during trading on Wednesday, hitting $47.47. 1,558,388 shares of the company’s stock traded hands, compared to its average volume of 704,377. The business has a fifty day simple moving average of $43.25 and a two-hundred day simple moving average of $55.04. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.08 billion, a P/E ratio of 15.41, a PEG ratio of 0.56 and a beta of 0.63. Concentrix has a 1 year low of $36.28 and a 1 year high of $106.10.

Concentrix Company Profile

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.