Top Wall Street Forecasters Revamp Concentrix Price Expectations Ahead Of Q4 Earnings

Concentrix Corporation CNXC will release its fourth-quarter financial results after the closing bell on Wednesday, Jan. 15.

Analysts expect the Newark, California-based company to report quarterly earnings at $3.01 per share, down from $3.36 per share in the year-ago period. Concentrix projects quarterly revenue of $2.44 billion, compared to $2.23 billion a year earlier, according to data from Benzinga Pro.

On Sept. 25, Concentrix reported quarterly earnings of $2.87 per share, which missed the analyst consensus estimate of $2.93 per share.

Concentrix shares fell 0.4% to close at $45.60 on Wednesday .

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Baird analyst David Koning initiated coverage on the stock with an Outperform rating and a price target of $70 on Oct. 3, 2024. This analyst has an accuracy rate of 79%.
Barrington Research analyst Vincent Colicchio maintained an Outperform rating and cut the price target from $84 to $70 on Sept. 26, 2024. This analyst has an accuracy rate of 61%.
Canaccord Genuity analyst Joseph Vafi maintained a Buy rating and cut the price target from $125 to $100 on Sept. 26, 2024. This analyst has an accuracy rate of 80%.

Considering buying CNXC stock? Here’s what analysts think: