Concentrix (NASDAQ:CNXC) Updates FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 11.180-11.770 for the period, compared to the consensus earnings per share estimate of 11.970. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.7 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CNXC. Canaccord Genuity Group reduced their price objective on Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, September 26th. Robert W. Baird started coverage on Concentrix in a research report on Thursday, October 3rd. They set an “outperform” rating and a $70.00 price objective on the stock. Barrington Research lowered their price target 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 research note on Thursday, October 3rd. Finally, Bank of America decreased their price objective on Concentrix from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, September 26th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $79.00.

Concentrix Trading Up 2.1 %

CNXC traded up $0.99 during trading on Wednesday, hitting $47.47. 1,565,698 shares of the stock traded hands, compared to its average volume of 736,226. The firm has a market capitalization of $3.08 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.63. Concentrix has a 12-month low of $36.28 and a 12-month high of $106.10. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50-day moving average of $43.25 and a 200 day moving average of $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.