What is Sidoti Csr’s Forecast for Conduent FY2024 Earnings?

Conduent Incorporated (NASDAQ:CNDT) – Analysts at Sidoti Csr upped their FY2024 EPS estimates for Conduent in a research report issued on Thursday, November 7th. Sidoti Csr analyst M. Riddick now forecasts that the company will earn ($0.45) per share for the year, up from their previous forecast of ($0.53). The consensus estimate for Conduent’s current full-year earnings is ($0.45) per share. Sidoti Csr also issued estimates for Conduent’s Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at ($0.02) EPS.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. Conduent had a negative return on equity of 7.94% and a net margin of 12.65%. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period last year, the company earned ($0.09) earnings per share.

Conduent Stock Performance

Conduent stock opened at $4.29 on Monday. The firm’s 50 day simple moving average is $3.85 and its 200 day simple moving average is $3.65. The firm has a market capitalization of $685.93 million, a PE ratio of 1.89 and a beta of 1.48. The company has a current ratio of 1.75, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81. Conduent has a 1-year low of $2.46 and a 1-year high of $4.30.

Institutional Investors Weigh In On Conduent

Several large investors have recently added to or reduced their stakes in CNDT. ClariVest Asset Management LLC boosted its stake in Conduent by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 195,628 shares of the company’s stock worth $638,000 after buying an additional 5,464 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Conduent by 12.4% during the second quarter. Diversified Trust Co now owns 57,156 shares of the company’s stock worth $186,000 after purchasing an additional 6,290 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Conduent by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 134,884 shares of the company’s stock worth $456,000 after buying an additional 7,890 shares during the period. Guardian Capital LP bought a new position in Conduent in the 1st quarter worth $34,000. Finally, HTG Investment Advisors Inc. bought a new position in Conduent in the 2nd quarter worth $37,000. Institutional investors own 77.28% of the company’s stock.

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.