Concentrix (NASDAQ:CNXC) Updates 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 Performance

Shares of Concentrix stock traded up $0.99 on Wednesday, hitting $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 cap of $3.08 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.63. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.18. Concentrix has a twelve month low of $36.28 and a twelve month high of $106.10. The business’s 50 day moving average is $43.25 and its two-hundred day moving average is $55.04.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CNXC. Barrington Research lowered 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. Bank of America dropped their price target on shares of Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. Canaccord Genuity Group reduced their price target 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 started coverage on Concentrix in a report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Baird R W raised Concentrix to a “strong-buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Concentrix has an average rating of “Buy” and a consensus price target 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.