Concentrix Corp reports results for the quarter ended May 31 - Earnings Summary

• Concentrix Corp CNXC.OQ reported quarterly adjusted earnings of $2.70​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $2.69. The mean expectation of five analysts for the quarter was for earnings of $2.75 per share. Wall Street expected results to range from $2.71 to $2.77 per share.

• Revenue rose 1.5% to $2.42 billion from a year ago; analysts expected $2.38 billion.

• Concentrix Corp's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $42.09 million.

• Concentrix Corp shares had fallen by 2.6% this quarter and gained 25.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "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 Corp is $65.50, about 17.3% above its last closing price of $54.17

This summary was machine generated from LSEG data June 26 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)