Concentrix Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.2024-09-27

Concentrix (NASDAQ:CNXC) Third Quarter 2024 Results Key Financial Results Revenue: US$2.39b (up 46% from 3Q 2023). Net income: US$16.1m (down 79% from 3Q 2023). Profit margin: 0.7% (down from 4.7% in...

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The decrease in margin was driven by higher expenses.NasdaqGS:CNXC Earnings and Revenue Growth September 27th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 76%.Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US.The company's shares are down 20% from a week ago.Before you take the next step you should know about the 4 warning signs for Concentrix (1 is significant!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CNXC":"Concentrix Corp"},"translate_title":"Concentrix 2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNXC":0.9},"content_text":"Concentrix (NASDAQ:CNXC) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$2.39b (up 46% from 3Q 2023).\nNet income: US$16.1m (down 79% from 3Q 2023).\nProfit margin: 0.7% (down from 4.7% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$0.25 (down from US$1.50 in 3Q 2023).\n\n\n\n\n  NasdaqGS:CNXC Earnings and Revenue Growth September 27th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nConcentrix EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%. \n Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US. \nPerformance of the American Professional Services industry.\n The company's shares are down 20% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 4 warning signs for Concentrix (1 is significant!) that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470702691"}