Conduent Q4 Adjusted EPS $0.03 Misses $0.04 Estimate, Sales $953.00M Beat $930.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Conduent (NASDAQ:CNDT) reported Q4 adjusted EPS of $0.03, missing the $0.04 estimate, but sales of $953M beat the $930M estimate. This represents a 200% increase in EPS from last year, though sales decreased by 3.35% from the previous year.
February 14, 2024 | 1:01 pm
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NEUTRAL IMPACT
Conduent reported a mixed Q4 with EPS missing estimates but sales beating expectations. EPS saw a significant year-over-year increase, while sales slightly declined.
The mixed results with an EPS miss but a sales beat could lead to neutral short-term stock price movement. The significant increase in EPS year-over-year is positive, but the slight decline in sales might raise concerns. Overall, the impact is balanced, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100