Sidoti Forecasts Conduent’s Q1 Earnings (NASDAQ:CNDT)

Conduent Inc. (NASDAQ:CNDT) – Research analysts at Sidoti upped their Q1 2027 earnings estimates for Conduent in a report released 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) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.01). Conduent had a negative net margin of 8.17% and a negative return on equity of 9.02%. The firm had revenue of $531.00 million for the quarter, compared to analyst estimates of $702.00 million.

Several other equities analysts have also weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Conduent in a research note on Friday, July 17th. Zacks Research downgraded Conduent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Conduent from a “hold” rating to a “strong sell” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Conduent Trading Down 1.2%

CNDT stock opened at $1.62 on Monday. The company’s 50-day simple moving average is $1.65 and its 200-day simple moving average is $1.56. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.33. Conduent has a 52-week low of $1.15 and a 52-week high of $2.80. The firm has a market cap of $251.94 million, a P/E ratio of -1.07 and a beta of 1.45.

Institutional Trading of Conduent

Several institutional investors have recently modified their holdings of CNDT. BlackRock Inc. acquired a new position in shares of Conduent during the 2nd quarter worth about $20,194,000. Miller Value Partners LLC acquired a new stake in Conduent in the 2nd quarter worth about $18,960,000. Blue Owl Capital Holdings LP purchased a new stake in Conduent during the 2nd quarter worth approximately $7,353,000. JB Capital Partners LP purchased a new stake in Conduent during the 2nd quarter worth approximately $1,625,069. Finally, Invst LLC purchased a new stake in Conduent during the 2nd quarter worth approximately $1,570,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Company Profile

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.