Concentrix Corp reports results for the quarter ended May 31 - Earnings Summary

• Concentrix Corp NASDAQ:CNXC reported quarterly adjusted earnings of $2.63​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $2.70. The mean expectation of four analysts for the quarter was for earnings of $2.64 per share. Wall Street expected results to range from $2.63 to $2.65 per share.

• Revenue rose 1.9% to $2.46 billion from a year ago; analysts expected $2.47 billion.

• Concentrix Corp's reported EPS for the quarter was 86 cents​.

• The company reported quarterly net income of $55.28 million.

• Concentrix Corp shares had fallen by 8.6% this quarter and lost 39.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Concentrix Corp is $40.00, about 37.5% above its last closing price of $25.00

This summary was machine generated from LSEG data June 29 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact )