Concentrix (NASDAQ:CNXC) Updates Q1 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.490-2.640 for the period, compared to the consensus estimate of 2.850. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Concentrix Stock Performance

Concentrix stock traded up $0.99 on Wednesday, hitting $47.47. The company’s stock had a trading volume of 1,565,698 shares, compared to its average volume of 736,226. The company has a fifty day moving average price of $43.25 and a 200-day moving average price of $55.04. The firm has a market cap 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 one year low of $36.28 and a one year high of $106.10. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

CNXC has been the subject of a number of analyst reports. Canaccord Genuity Group cut their price target on shares of Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, September 26th. Baird R W upgraded Concentrix to a “strong-buy” rating in a research report on Thursday, October 3rd. Bank of America dropped their price objective on Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Barrington Research cut their price objective on Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. Finally, Robert W. Baird started coverage on shares of Concentrix in a report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 target price on the stock. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock 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.