Conduent Now Expects 2024 Revenue To Be $3.325B-$3.375B (Prior $3.60B-$3.70B) Vs $3.427B Est
Portfolio Pulse from Benzinga Newsdesk
Conduent has revised its 2024 revenue expectations to $3.325 billion to $3.375 billion, down from the previous estimate of $3.60 billion to $3.70 billion. The company also reported its FY 2023 actual revenue at $3.466 billion and adjusted EBITDA margin at 7.6%, with a 2024 outlook of 4% to 5%.
August 07, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Conduent has lowered its 2024 revenue expectations to $3.325 billion to $3.375 billion, significantly down from the previous estimate of $3.60 billion to $3.70 billion. This revision indicates potential challenges in the company's growth and profitability.
The significant downward revision in revenue expectations suggests that Conduent may face challenges in achieving its growth targets. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100