Sidoti Issues Optimistic Forecast for Conduent Earnings

Conduent Inc. (NASDAQ:CNDT – Free Report) – Equities researchers at Sidoti boosted their Q1 2027 earnings per share estimates for Conduent in a research report issued to clients and investors on Thursday, October 1st. Sidoti analyst M. Riddick now forecasts that the company will earn ($0.01) per share for the quarter, up from their prior estimate of ($0.02). The consensus estimate for Conduent’s current full-year earnings is ($0.37) per share. Sidoti also issued estimates for Conduent’s Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at $0.00 EPS and FY2027 earnings at $0.01 EPS.

Conduent (NASDAQ:CNDT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). The firm had revenue of $531.00 million during the quarter, compared to the consensus estimate of $702.00 million. Conduent had a negative return on equity of 9.02% and a negative net margin of 8.17%.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conduent in a research note on Friday, July 17th. Zacks Research cut shares of Conduent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Conduent from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

View Our Latest Stock Report on CNDT

Conduent Stock Down 0.6%

NASDAQ CNDT opened at $1.64 on Monday. The stock has a 50 day moving average price of $1.65 and a 200-day moving average price of $1.56. Conduent has a one year low of $1.15 and a one year high of $2.80. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $255.05 million, a P/E ratio of -1.08 and a beta of 1.45.

Hedge Funds Weigh In On Conduent

Large investors have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new stake in Conduent in the second quarter worth $131,000. Headlands Technologies LLC boosted its stake in Conduent by 30.9% during the second quarter. Headlands Technologies LLC now owns 54,683 shares of the company’s stock worth $80,000 after buying an additional 12,919 shares during the period. Empowered Funds LLC bought a new position in Conduent during the second quarter valued at $286,000. Public Employees Retirement System of Ohio bought a new position in Conduent during the second quarter valued at $52,000. Finally, Pingora Partners LLC purchased a new stake in shares of Conduent in the second quarter valued at $425,000. Institutional investors own 77.28% of the company’s stock.

About Conduent

(Get Free Report)

Conduent Incorporated (NASDAQ: CNDT) is a business services and digital solutions company that helps government agencies and commercial organizations manage customer interactions, administrative processes and transaction-based operations. Its services combine technology platforms, automation, data management and outsourced business processes.

For government clients, Conduent provides services related to public benefits administration, healthcare programs, eligibility and enrollment, child support, workforce services and other citizen-facing programs.

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Earnings History and Estimates for Conduent (NASDAQ:CNDT)

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