Concentrix Corporation reports results for the quarter ended August 31 - Earnings Summary

• Concentrix Corporation reported quarterly adjusted earnings of $2.92​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $2.78. The mean expectation of four analysts for the quarter was for earnings of $2.71 per share. Wall Street expected results to range from $2.68 to $2.72 per share.

• Revenue fell 1.2% to $2.45 billion from a year ago; analysts expected $2.48 billion.

• Concentrix Corporation's reported EPS for the quarter was a loss of $16.24​.

• The company reported a quarterly loss of $989.23 million.

• Concentrix Corporation shares had risen by 13.6% this quarter and lost 38.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Concentrix Corporation is $30.00, about 15.2% above its last closing price of $25.45

This summary was machine generated from LSEG data September 29 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)