Concentrix (CNXC) Q4 Results Preview: Key Points To Watch

Concentrix Set to Announce Earnings: What Investors Should Know

Concentrix (NASDAQ:CNXC), a leader in customer experience solutions, is scheduled to release its latest financial results this Tuesday before the market opens. Here’s a preview of what to watch for.

In the previous quarter, Concentrix surpassed Wall Street’s revenue projections by 1%, posting $2.48 billion in sales—a 4% increase compared to the same period last year. Despite this revenue growth, the company fell short of analysts’ expectations for both full-year and next-quarter earnings per share, signaling a more challenging quarter.

Expectations for This Quarter

Analysts are forecasting that Concentrix will generate $2.53 billion in revenue this quarter, representing a 3.6% year-over-year increase. This marks a slowdown from the 9.7% growth achieved in the same quarter last year. Adjusted earnings per share are projected to reach $2.91.

Concentrix Total Revenue

Over the past month, analysts have largely maintained their forecasts for Concentrix, indicating confidence in the company’s current trajectory. Notably, Concentrix has consistently outperformed revenue expectations for the past two years, with an average beat of 0.8% each quarter.

Market Sentiment and Peer Comparison

As the first among its industry peers to report this earnings season, Concentrix’s results will set the tone for professional services stocks. Investor optimism has been evident, with the sector’s average share price rising 2.9% over the last month. Concentrix itself has seen a notable 13.7% increase during the same period. The consensus analyst price target stands at $63.60, compared to the current share price of $44.15.

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