Conduent (NASDAQ:CNDT) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Conduent (NASDAQ:CNDT) announced its quarterly earnings data on Wednesday. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02, Briefing.com reports. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The business had revenue of $807.00 million during the quarter, compared to the consensus estimate of $817.33 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The company’s revenue was down 13.4% on a year-over-year basis. Conduent updated its FY 2024 guidance to EPS.

Conduent Stock Performance

Shares of NASDAQ:CNDT traded down $0.08 during trading on Thursday, hitting $4.05. 1,022,490 shares of the company were exchanged, compared to its average volume of 1,095,510. The stock has a 50 day moving average of $3.83 and a 200 day moving average of $3.63. Conduent has a 52-week low of $2.40 and a 52-week high of $4.22. The company has a market cap of $657.72 million, a PE ratio of 19.48 and a beta of 1.48. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.65 and a quick ratio of 1.65.

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.