Sidoti Issues Pessimistic Forecast for Conduent Earnings

Conduent Inc. (NASDAQ:CNDT) – Sidoti lowered their FY2026 earnings estimates for shares of Conduent in a note issued to investors on Monday, November 9th. Sidoti analyst M. Riddick now anticipates that the company will post earnings per share of ($0.40) for the year, down from their previous estimate of ($0.37). The consensus estimate for Conduent’s current full-year earnings is ($0.37) per share. Sidoti also issued estimates for Conduent’s FY2028 earnings at $0.24 EPS.

CNDT has been the topic of a number of other reports. Zacks Research lowered shares of Conduent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings cut Conduent from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Finally, Wall Street Zen lowered Conduent from a “sell” rating to a “strong sell” rating in a report on Sunday, November 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Conduent currently has a consensus rating of “Hold”.

Conduent Stock Down 1.1%

Shares of CNDT stock opened at $1.37 on Wednesday. The firm has a fifty day moving average of $1.60 and a 200-day moving average of $1.53. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.51. Conduent has a 12-month low of $1.15 and a 12-month high of $2.12. The company has a market capitalization of $213.28 million, a price-to-earnings ratio of -0.88 and a beta of 1.47.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The company had revenue of $534.00 million during the quarter, compared to the consensus estimate of $545.67 million. Conduent had a negative net margin of 9.03% and a negative return on equity of 10.66%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC grew its position in Conduent by 30.9% in the second quarter. Headlands Technologies LLC now owns 54,683 shares of the company’s stock valued at $80,000 after purchasing an additional 12,919 shares in the last quarter. StoneX Group Inc. acquired a new stake in Conduent in the 3rd quarter valued at $27,000. Nierenberg Investment Management Company LLC acquired a new stake in Conduent in the 2nd quarter valued at $25,630. GSA Capital Partners LLP acquired a new stake in Conduent in the 2nd quarter valued at $30,000. Finally, Pallas Capital Advisors LLC bought a new stake in Conduent during the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Company Profile

Conduent Incorporated (NASDAQ: CNDT) provides business process services and technology solutions to government agencies and commercial organizations. Its services are designed to help clients manage complex administrative processes, improve customer interactions and modernize operations through digital tools and automation. The company’s offerings include transportation and mobility services, such as electronic tolling, transit fare collection and traffic-management solutions; government services, including public benefits administration, payment processing and constituent support; and commercial services covering customer experience, claims and benefits administration, human resources and other business processes.