Concentrix (NASDAQ:CNXC) Releases Earnings Results, Misses Expectations By $0.14 EPS

Concentrix (NASDAQ:CNXC) issued its quarterly earnings data on Tuesday. The company reported $2.57 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.14), Zacks reports. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%. Concentrix updated its FY 2026 guidance to 10.970-11.090 EPS and its Q4 2026 guidance to 2.860-2.980 EPS.

Concentrix Trading Down 2.2%

NASDAQ CNXC traded down $0.57 during trading on Tuesday, hitting $24.88. 2,921,033 shares of the company’s stock traded hands, compared to its average volume of 1,631,632. The stock has a fifty day moving average of $26.99 and a two-hundred day moving average of $26.59. Concentrix has a 12-month low of $19.12 and a 12-month high of $49.37. The firm has a market cap of $1.52 billion, a P/E ratio of -1.17, a PEG ratio of 0.50 and a beta of 0.47. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America reduced their target price on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Robert W. Baird cut their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Canaccord Genuity Group reduced their price objective on Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Zacks Research raised Concentrix from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Concentrix presently has a consensus rating of “Hold” and a consensus price target of $32.75.

Concentrix Company Profile

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.