Concentrix Sees Q4 Adj. EPS $3.03-$3.15 vs $3.32 Est., Reported Revenue $2.190B-$2.215B
Portfolio Pulse from Benzinga Newsdesk
Concentrix has projected its Q4 adjusted EPS to be between $3.03 and $3.15, which is lower than the estimated $3.32. The company also reported its revenue to be between $2.190B and $2.215B.
September 27, 2023 | 8:17 pm
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Concentrix's lower than expected Q4 adjusted EPS may negatively impact its stock price in the short term.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS often leads to a decrease in the company's stock price as it indicates that the company is not performing as well as investors expected. In this case, Concentrix's lower than expected Q4 adjusted EPS may lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100