Concentrix (NASDAQ:CNXC) Releases Q1 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.490-2.640 for the period, compared to the consensus 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 subject of several research reports. Robert W. Baird started coverage on Concentrix in a report on Thursday, October 3rd. They set an “outperform” rating and a $70.00 price target for the company. Barrington Research dropped their price target on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, September 26th. Canaccord Genuity Group reduced their price objective on shares of Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, September 26th. Baird R W raised shares of Concentrix to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America reduced their price target on Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $79.00.

Concentrix Stock Performance

NASDAQ:CNXC traded up $0.99 during midday trading on Wednesday, reaching $47.47. The stock had a trading volume of 1,565,698 shares, compared to its average volume of 736,226. The stock 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. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.57 and a quick ratio of 1.57. Concentrix has a 1-year low of $36.28 and a 1-year high of $106.10. The firm’s fifty day simple moving average is $43.25 and its 200-day simple moving average is $55.04.

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.