Concentrix Q1 EPS $2.57 Misses $2.58 Estimate, Sales $2.40B Beat $2.38B Estimate
Portfolio Pulse from Happy Mohamed
Concentrix (NASDAQ:CNXC) reported Q1 earnings of $2.57 per share, slightly missing the consensus estimate of $2.58. However, their quarterly sales of $2.40 billion exceeded the expected $2.38 billion, marking a significant 46.83% increase from the previous year.
March 26, 2024 | 8:08 pm
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Concentrix reported Q1 EPS of $2.57, missing estimates by $0.01, but sales of $2.40B exceeded expectations, showing significant year-over-year growth.
The slight miss in EPS might concern some investors, but the substantial increase in sales and beating sales estimates could offset concerns about the EPS miss. The mixed results present a neutral short-term outlook for CNXC's stock price, as the positive sales performance may balance out the slight earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100