Concentrix Corporation’s adjusted earnings came in at $2.85 per share for the quarter ended February 2022, surpassing the Zacks Consensus Estimate of $2.70 per share. The figure was $2.29 per share a year ago.
Revenues of $1.54 billion in the quarter exceeded the Zacks Consensus Estimate by 0.38%. This is also higher than the year-ago quarter’s revenue of $1.35 billion. The company beat consensus revenue estimates four times over the last four quarters.
The current consensus expectation on earnings-per-share is $2.76 for the coming quarter, and $12.19 for the current fiscal full-year. Consensus forecast on revenue is $1.61 billion for the coming quarter, and $6.53 billion in revenues for the current fiscal year.
On April 29, 2024, the Stochastic Oscillator for CNXC moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 51 instances where the indicator left the oversold zone. In of the 51 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CNXC's RSI Indicator 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 Momentum Indicator moved above the 0 level on May 01, 2024. You may want to consider a long position or call options on CNXC as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 243 cases, the price rose further within the following month. The odds of a continued upward trend are .
CNXC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 .
The Aroon Indicator for CNXC entered a downward trend on May 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 (0.922) is normal, around the industry mean (8.662). P/E Ratio (11.983) is within average values for comparable stocks, (43.565). Projected Growth (PEG Ratio) (0.598) is also within normal values, averaging (1.608). Dividend Yield (0.021) settles around the average of (0.024) among similar stocks. P/S Ratio (0.419) is also within normal values, averaging (50.949).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 85, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably 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 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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