Conduent Incorporated (NYSE:CNDT) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CNDT is expected to report 3Q20 income of $ 0.12 per share from revenue of $ 996.25 million.
For the full year, analysts anticipate top line of $ 4083.50 million, while looking forward to income of $ 0.41 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 985.00 million ~ $ 985.00 million
Full Year 2020 topline are forecasted in a range of$ 4,076.00 million ~ $ 4,164.00 million
Click Here For More Historical Outlooks Of Conduent Incorporated
Previous Quarter Performance
Conduent Incorporated reported income for the second quarter of $ 0.12 per share, from the revenue of $ 1,016.00 million. The quarterly earnings dropped 7.69 percent while revenues shrunk 8.63 percent compared with the same quarter last year.
Street analysts expected Conduent Incorporated to report loss of $ 0.05 per share on revenue of $ 925.50 million for the second quarter. The bottom line results beat street analysts by $ 0.17 or 340.00 percent, at the same time, top line results outshined analysts by $ 90.50 million or 9.78 percent.
Stock Performance
Shares of Conduent Incorporated traded low $ -0.06 or -1.58 percent on Wednesday, reaching $ 3.74 with volume of 2.01 million shares. Conduent Incorporated has traded high as $ 3.88 and has cracked $ 3.57 on the downward trend
The closing price of $ 3.74, representing a 146.75 % increase from the 52 week low of $ 1.54 and a 52.32 % decrease over the 52 week high of $ 7.97.
The company has a market capital of $ 782.51 million and is part of the Industrials sector and Business Services industry.
Conference Call
Conduent Incorporated will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.conduent.com
Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and Europe. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.
