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Sarah Patel's Avatar
published in Blogs
Mar 31, 2022

Concentrix (CNXC, $174.18) beats earnings expectations

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.

Related Ticker: CNXC

CNXC's Indicator enters downward trend

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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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.

Bullish Trend Analysis

The RSI Oscillator 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 .

Fundamental Analysis (Ratings)

Fear & Greed

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.

Notable companies

The most notable companies in this group are Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Xerox Holdings Corp (NASDAQ:XRX), Unisys Corp (NYSE:UIS).

Industry description

The industry, whose total market cap runs into trillions, makes hardware/software that allows data to be stored, retrieved, transmitted, and manipulated on computers. With the ever-increasing relevance of data, the information technology (IT) industry has gained momentous growth over the years, and continues to thrive on innovation. Some of the behemoths in the industry are International Business Machines Corporation, Accenture, and VMware, Inc.

Market Cap

The average market capitalization across the Information Technology Services Industry is 7.03B. The market cap for tickers in the group ranges from 0 to 193.2B. ACN holds the highest valuation in this group at 193.2B. The lowest valued company is ARSC at 0.

High and low price notable news

The average weekly price growth across all stocks in the Information Technology Services Industry was 2%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was -4%. DVRNF experienced the highest price growth at 29%, while NFTFF experienced the biggest fall at -24%.

Volume

The average weekly volume growth across all stocks in the Information Technology Services Industry was 96%. For the same stocks of the Industry, the average monthly volume growth was 123% and the average quarterly volume growth was 74%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 37
P/E Growth Rating: 63
Price Growth Rating: 55
SMR Rating: 70
Profit Risk Rating: 82
Seasonality Score: 3 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of active thermal coal operations

Industry InformationTechnologyServices

Profile
Fundamentals
Details
Industry
Coal
Address
39899 Balentine Drive
Phone
+1 800 747-0583
Employees
315000
Web
https://www.concentrix.com
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CNXC and

Correlation & Price change

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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNXC
1D Price
Change %
CNXC100%
-0.72%
WNS - CNXC
61%
Loosely correlated
-1.51%
ACN - CNXC
61%
Loosely correlated
-0.81%
FLYW - CNXC
58%
Loosely correlated
+1.69%
NCR - CNXC
58%
Loosely correlated
-0.71%
G - CNXC
58%
Loosely correlated
-0.16%
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