Concentrix Sees Q3 Adj. EPS $2.76-$3.04 Vs $3.23 Est.; Revenue $2.35B-$2.40B Vs $2.391B Est.
Portfolio Pulse from Benzinga Newsdesk
Concentrix has released its Q3 financial guidance, projecting adjusted EPS between $2.76 and $3.04, which is below the estimated $3.23. The company also expects revenue between $2.35 billion and $2.40 billion, slightly below the estimated $2.391 billion.
June 26, 2024 | 8:08 pm
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NEGATIVE IMPACT
Concentrix's Q3 financial guidance shows lower-than-expected adjusted EPS and slightly below-estimate revenue, which may negatively impact investor sentiment.
The lower-than-expected adjusted EPS and slightly below-estimate revenue guidance are likely to disappoint investors, potentially leading to a short-term decline in CNXC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100