Concentrix (NASDAQ:CNXC) Issues Q1 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $2.49-2.64 for the period, compared to the consensus EPS estimate of $2.85. The company issued revenue guidance of $2.355-2.370 billion, compared to the consensus revenue estimate of $2.41 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CNXC shares. Bank of America lowered their price objective on shares of Concentrix from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. Baird R W upgraded Concentrix to a “strong-buy” rating in a research note on Thursday, October 3rd. Robert W. Baird began coverage on Concentrix in a research note on Thursday, October 3rd. They set an “outperform” rating and a $70.00 target price for the company. Canaccord Genuity Group dropped their price target on Concentrix from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, September 26th. Finally, Barrington Research reduced their price objective on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $79.00.

Concentrix Price Performance

Concentrix stock opened at $47.47 on Thursday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.60 and a beta of 0.63. The stock’s 50 day moving average is $43.25 and its 200-day moving average is $55.04. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18. Concentrix has a 12 month low of $36.28 and a 12 month high of $106.10.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings data on Wednesday, January 15th. The company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.25. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.44 billion. Concentrix had a return on equity of 16.57% and a net margin of 2.18%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $3.36 EPS. Equities research analysts expect that Concentrix will post 10.11 EPS for the current year.

About Concentrix

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.