Concentrix (NASDAQ:CNXC) Issues FY25 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its FY25 earnings guidance on Wednesday. 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 Ratings Changes

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

Concentrix Price Performance

Shares of Concentrix stock traded up $0.99 on Wednesday, reaching $47.47. The stock had a trading volume of 1,558,388 shares, compared to its average volume of 704,377. The business’s 50 day moving average is $43.25 and its two-hundred day moving average is $55.04. The company 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 1 year low of $36.28 and a 1 year high of $106.10. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18.

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.