Conduent (NASDAQ:CNDT) Posts Earnings Results, Beats Estimates By $0.01 EPS

Conduent (NASDAQ:CNDT) posted its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01, Briefing.com reports. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The firm had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $817.33 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. Conduent updated its FY 2024 guidance to EPS.

Conduent Price Performance

Shares of NASDAQ:CNDT opened at $4.10 on Friday. The company has a market cap of $665.84 million, a P/E ratio of 19.52 and a beta of 1.48. The company’s fifty day moving average is $3.84 and its two-hundred day moving average is $3.64. Conduent has a 12-month low of $2.40 and a 12-month high of $4.22. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.05.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.