Concentrix Earnings Preview
Portfolio Pulse from Benzinga Insights
Concentrix (NASDAQ:CNXC) is anticipated to report an EPS of $2.58 in its upcoming quarterly earnings on March 26, 2024. The focus is on whether the company will surpass this estimate and provide positive future guidance. Historically, Concentrix's stock price has been sensitive to earnings performance and guidance, with a notable 16.02% drop after last quarter's earnings beat. Over the past year, CNXC shares have declined by 48.17%.
March 25, 2024 | 2:01 pm
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NEUTRAL IMPACT
Concentrix is expected to report an EPS of $2.58 for the upcoming quarter, with investor focus on earnings performance and future guidance. The stock has experienced significant volatility post-earnings, with a 48.17% decline over the past year.
Concentrix's upcoming earnings report is crucial given its history of stock price volatility post-earnings announcements. While the expected EPS of $2.58 sets a benchmark, the company's ability to exceed this estimate and provide positive future guidance could influence short-term stock performance. However, given the mixed historical impact of earnings results on the stock price, the short-term impact is assessed as neutral. The significant yearly decline in stock price indicates underlying challenges, making it difficult to predict the immediate reaction to the earnings report without additional context.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100