Conduent Incorporated Expected to Post Q2 2024 Earnings of ($0.26) Per Share (NASDAQ:CNDT)

Conduent Incorporated (NASDAQ:CNDTFree Report) – Research analysts at Sidoti Csr issued their Q2 2024 earnings per share (EPS) estimates for shares of Conduent in a report released on Thursday, May 30th. Sidoti Csr analyst M. Riddick expects that the company will post earnings of ($0.26) per share for the quarter. The consensus estimate for Conduent’s current full-year earnings is ($0.66) per share. Sidoti Csr also issued estimates for Conduent’s Q3 2024 earnings at ($0.18) EPS, Q4 2024 earnings at ($0.13) EPS, FY2024 earnings at ($0.66) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at ($0.29) EPS.

CNDT has been the topic of a number of other research reports. StockNews.com cut Conduent from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Noble Financial assumed coverage on Conduent in a research report on Thursday, March 14th. They issued an “outperform” rating and a $9.00 price target for the company.

View Our Latest Report on Conduent

Conduent Trading Up 5.0 %

Shares of CNDT opened at $3.77 on Monday. The firm’s 50-day moving average is $3.44 and its two-hundred day moving average is $3.43. Conduent has a twelve month low of $2.40 and a twelve month high of $4.08. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $771.27 million, a P/E ratio of -4.19 and a beta of 1.53.

Conduent (NASDAQ:CNDTGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.06. The company had revenue of $921.00 million during the quarter, compared to the consensus estimate of $896.00 million. Conduent had a negative return on equity of 2.50% and a negative net margin of 5.13%.

Institutional Investors Weigh In On Conduent

A number of large investors have recently bought and sold shares of the stock. Rubric Capital Management LP purchased a new stake in shares of Conduent in the third quarter valued at $2,905,000. JB Capital Partners LP lifted its holdings in Conduent by 540.0% in the 4th quarter. JB Capital Partners LP now owns 800,000 shares of the company’s stock valued at $2,920,000 after purchasing an additional 675,000 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Conduent during the 1st quarter worth about $1,957,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Conduent by 198.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 763,916 shares of the company’s stock worth $2,582,000 after buying an additional 508,012 shares in the last quarter. Finally, B. Riley Asset Management LLC acquired a new position in shares of Conduent in the third quarter valued at approximately $1,663,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

About Conduent

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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.

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Earnings History and Estimates for Conduent (NASDAQ:CNDT)

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