Conduent (NASDAQ:CNDT) Issues Earnings Results, Beats Estimates By $0.02 EPS

Conduent (NASDAQ:CNDT) issued its earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02, Briefing.com reports. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The company had revenue of $807.00 million for the quarter, compared to the consensus estimate of $817.33 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. Conduent’s quarterly revenue was down 13.4% compared to the same quarter last year. Conduent updated its FY 2024 guidance to EPS.

Conduent Stock Down 1.9 %

Shares of NASDAQ:CNDT traded down $0.08 during trading hours on Thursday, reaching $4.05. The stock had a trading volume of 1,022,490 shares, compared to its average volume of 1,095,510. The firm’s 50 day moving average is $3.83 and its 200-day moving average is $3.63. Conduent has a 1 year low of $2.40 and a 1 year high of $4.22. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $657.72 million, a price-to-earnings ratio of 19.48 and a beta of 1.48.

About Conduent

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.