Concentrix (NASDAQ:CNXC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.39b (up 46% from 3Q 2023).

• Net income: US$16.1m (down 79% from 3Q 2023).

• Profit margin: 0.7% (down from 4.7% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.25 (down from US$1.50 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Concentrix EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 20% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Concentrix (1 is significant!) that we have uncovered.

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