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.

Concentrix Stock Up 2.1 %

Shares of NASDAQ CNXC traded up $0.99 during midday trading on Wednesday, reaching $47.47. The company’s stock had a trading volume of 1,565,698 shares, compared to its average volume of 736,226. The stock has a 50 day simple moving average of $43.25 and a 200-day simple moving average of $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. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.56 and a beta of 0.63. Concentrix has a fifty-two week low of $36.28 and a fifty-two week high of $106.10.

Analyst Ratings Changes

Several brokerages have commented on CNXC. Barrington Research cut their price target on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, September 26th. Canaccord Genuity Group lowered their target price on Concentrix from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, September 26th. Robert W. Baird initiated coverage on Concentrix in a research report on Thursday, October 3rd. They set an “outperform” rating and a $70.00 price target for the company. Baird R W raised Concentrix to a “strong-buy” rating in a research report on Thursday, October 3rd. 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 investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $79.00.

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.