Concentrix (NASDAQ:CNXC) Issues FY25 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $11.18-11.77 for the period, compared to the consensus estimate of $11.97. The company issued revenue guidance of $9.47-9.61 billion, compared to the consensus revenue estimate of $9.73 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNXC shares. Barrington Research cut their target price on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Baird R W raised Concentrix to a “strong-buy” rating in a report on Thursday, October 3rd. Bank of America dropped their price target on Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Canaccord Genuity Group decreased their price objective on Concentrix from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, September 26th. Finally, Robert W. Baird began coverage on shares of Concentrix in a report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 target price for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Concentrix presently has a consensus rating of “Buy” and a consensus price target of $79.00.

Concentrix Trading Up 2.1 %

CNXC stock traded up $0.99 during midday trading on Wednesday, reaching $47.47. 1,565,698 shares of the company traded hands, compared to its average volume of 736,226. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 0.56 and a beta of 0.63. Concentrix has a 52-week low of $36.28 and a 52-week high of $106.10. The business has a 50 day moving average of $43.25 and a 200-day moving average of $55.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57.

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.