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Conduent Inc (CNDT)
NASDAQ:CNDT
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.09Last Year’s EPS
$0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 18.87%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with notable achievements in divestiture and cash flow management, as well as growth in the commercial segment. However, significant challenges remain with declining revenue, particularly in the government and transportation segments, and a reduced EBITDA margin. The company is optimistic about future growth but faces hurdles in meeting its financial targets.Company Guidance
During the Conduent Q3 2024 earnings call, management provided guidance highlighting several key metrics. Adjusted revenue for the quarter was $781 million, while adjusted EBITDA stood at $32 million, reflecting a 4.1% margin. The company reported new business signings of $111 million, with a notable performance in the commercial segment, although government and transportation segments experienced some softness. Conduent's net ARR returned to positive territory, and the divestiture program, initially communicated 18 months ago, saw 75% of the targeted $1 billion deployed towards debt prepayment and share repurchases. The company is on track to achieve its 2025 exit rate goals, which include lower debt ratios, improved margins, reduced capital intensity, and top-line growth. The full-year adjusted revenue is projected to range between $3.185 billion to $3.215 billion, with an adjusted EBITDA margin expected to be between 3.75% and 4%. The company is also focused on operational efficiencies and further portfolio rationalization to maintain growth momentum.Positive Adjusted Revenue and EBITDA
Q3 adjusted revenue was $781 million and adjusted EBITDA was $32 million, with a 4.1% margin, slightly exceeding expectations.
Successful Divestiture Program
Completed the initial phase of the divestiture program, receiving $865 million in gross proceeds, with $780 million in net proceeds, and deployed 75% against debt prepayment and share repurchases.
Rebound in Net ARR
The net ARR metric returned to positive territory, with expectations to finish the year around $100 million.
Growth in Commercial Segment
Commercial segment adjusted EBITDA was $35 million, up approximately 21% compared to Q3 2023, with an adjusted EBITDA margin of 9.1%.
Strong Balance Sheet and Cash Flow
Ended the quarter with $400 million in cash and a largely undrawn $550 million revolving credit facility, with a net leverage ratio decreased to 1.4.
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CNDT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNDT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $3.71 | $4.13 | +11.32% |
| Aug 07, 2024 | $3.57 | $3.08 | -13.73% |
| May 01, 2024 | $3.15 | $3.49 | +10.79% |
| Feb 14, 2024 | $3.40 | $3.47 | +2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Conduent Inc (CNDT) report earnings?
Conduent Inc (CNDT) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Conduent Inc (CNDT) earnings time?
Conduent Inc (CNDT) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNDT EPS forecast?
CNDT EPS forecast for the fiscal quarter 2024 (Q4) is -$0.09.
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