Concentrix: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Concentrix (NASDAQ:CNXC) reported Q4 earnings with an EPS of $3.36, beating estimates by 9.09% and surpassing the estimated $3.08. Revenue increased by $590 million compared to the same period last year. Despite missing EPS estimates last quarter by $0.13, the share price increased by 6.84% the following day. The company's past earnings performance shows fluctuations in meeting EPS estimates but consistent revenue figures.
January 24, 2024 | 9:15 pm
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POSITIVE IMPACT
Concentrix reported a strong Q4 with EPS of $3.36, beating estimates by 9.09%, and a significant year-over-year revenue increase. This performance may positively influence investor sentiment.
Concentrix's Q4 earnings beat and revenue growth are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. Historical data shows that even after an EPS miss last quarter, the stock price increased, suggesting a positive investor reaction to earnings reports. The consistent revenue performance adds to the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100