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 on Tuesday, hitting $24.88. 2,921,033 shares of the stock were exchanged, compared to its average volume of 1,631,632. The firm has a market capitalization of $1.52 billion, a P/E ratio of -1.17, a P/E/G ratio of 0.50 and a beta of 0.47. Concentrix has a 52-week low of $19.12 and a 52-week high of $49.37. The stock has a fifty day moving average price of $26.99 and a two-hundred day moving average price of $26.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18.

Analyst Ratings Changes

A number of analysts have recently commented on CNXC shares. Canaccord Genuity Group dropped their price target 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 upgraded shares of Concentrix from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Barrington Research lowered their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Bank of America dropped their price objective on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.75.

About Concentrix

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.