Conduent Q3 Adj. EPS $(0.09) Misses $0.02 Estimate, Sales $932.00M Beat $915.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Conduent reported Q3 losses of $0.09 per share, missing the analyst consensus estimate of $0.02 by 550 percent. This is a 200 percent decrease from the same period last year. However, the company's quarterly sales of $932.00 million beat the analyst consensus estimate of $915.00 million by 1.86 percent, despite a 4.61 percent decrease from the same period last year.
November 01, 2023 | 12:02 pm
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NEGATIVE IMPACT
Conduent's Q3 earnings per share missed estimates significantly, which could negatively impact investor sentiment. However, the company's sales beat estimates, which could provide some balance.
The significant miss on earnings per share is likely to negatively impact the stock in the short term as it indicates weaker profitability than expected. However, the beat on sales could provide some positive sentiment as it indicates stronger revenue generation than expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100