Concentrix (NASDAQ:CNXC) Issues Q1 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.490-2.640 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNXC. Barrington Research dropped their price objective on Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Canaccord Genuity Group dropped their price target on Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, September 26th. Robert W. Baird began coverage on shares of Concentrix in a research report on Thursday, October 3rd. They set an “outperform” rating and a $70.00 price objective on the stock. Bank of America cut 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, Baird R W upgraded shares of Concentrix to a “strong-buy” rating in a research note on Thursday, October 3rd. One equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $79.00.

Concentrix Trading Up 2.1 %

CNXC stock traded up $0.99 during midday trading on Wednesday, reaching $47.47. 1,558,388 shares of the company traded hands, compared to its average volume of 704,377. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 0.56 and a beta of 0.63. Concentrix has a 52-week low of $36.28 and a 52-week high of $106.10. The business has a 50 day moving average of $43.25 and a 200-day moving average of $55.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57.

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.