Concentrix Corporation posted its latest quarter earnings and revenue, both growing from the year-ago levels, but lagging consensus estimates (according to Zacks Equity Research report).
The company posted its third quarter (ending August) adjusted earnings of $2.95 per share, that fell short of Zacks Consensus Estimate of $2.97 per share. The figure, however, was higher than the year-ago quarter’s $2.49 per share.
Revenues grew to $1.58 billion (from year-ago level of $1.4 billion), missing the Zacks Consensus Estimate by 0.67%.
The Aroon Indicator for CNXC entered a downward trend on May 18, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 159 similar instances where the Aroon Indicator formed such a pattern. In of the 159 cases the stock moved lower. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on May 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CNXC as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNXC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CNXC broke above its upper Bollinger Band on May 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CNXC's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for CNXC just turned positive on May 12, 2023. Looking at past instances where CNXC's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNXC advanced for three days, in of 249 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.629) is normal, around the industry mean (3.973). P/E Ratio (11.136) is within average values for comparable stocks, (49.734). CNXC's Projected Growth (PEG Ratio) (0.528) is slightly lower than the industry average of (1.490). Dividend Yield (0.012) settles around the average of (0.033) among similar stocks. P/S Ratio (0.704) is also within normal values, averaging (2.693).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CNXC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of active thermal coal operations
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A.I.dvisor indicates that over the last year, CNXC has been loosely correlated with WNS. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if CNXC jumps, then WNS could also see price increases.
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