Concentrix (NASDAQ:CNXC) Releases 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 (EPS) guidance of 11.180-11.770 for the period, compared to the consensus 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.

Concentrix Trading Up 2.1 %

Shares of Concentrix stock opened at $47.47 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $3.08 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.60 and a beta of 0.63. Concentrix has a 52-week low of $36.28 and a 52-week high of $106.10. The stock’s 50-day simple moving average is $43.25 and its 200 day simple moving average is $55.04.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.25. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.44 billion. Concentrix had a net margin of 2.18% and a return on equity of 16.57%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.36 earnings per share. As a group, research analysts anticipate that Concentrix will post 10.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CNXC shares. Robert W. Baird initiated coverage on Concentrix in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 price target for the company. Baird R W upgraded Concentrix to a “strong-buy” rating in a research note on Thursday, October 3rd. Canaccord Genuity Group decreased their price target on Concentrix from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, September 26th. Barrington Research cut their price objective on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. Finally, Bank of America reduced their price objective 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. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.