Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Concentrix (CNXC)
NASDAQ:CNXC
Holding CNXC?
Track your performance easily
Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.66Last Year’s EPS
2.57Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 24, 2021
|% Change Since: 3.14%
|Next Earnings Date:Jan 11, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted Concentrix's strong client retention, successful integration of Webhelp, and robust free cash flow, positioning the company well for future growth. However, challenges remain with low growth guidance and decreased revenue in certain verticals.Company Guidance
During Concentrix's Q4 2024 earnings call, the company provided guidance that includes several key metrics and expectations for 2025. The company anticipates full-year reported revenue to be between $9.47 billion and $9.61 billion, implying constant currency revenue growth of 0% to 1.5%. Non-GAAP operating income is expected to be in the range of $1.3 billion to $1.34 billion, with non-GAAP EPS projected between $11.18 and $11.77 per share. The effective tax rate is expected to be approximately 25.5% to 26.5%. The guidance acknowledges a 150 basis point negative impact from foreign exchange rates. Concentrix also highlighted plans to increase adjusted free cash flow to between $625 million and $650 million and emphasized a continued focus on reducing low complexity transactions, which have decreased from 13% to 7% over three years. The company expects continued growth in outsourcing and technology-led solutions, with plans to leverage generative AI to enhance client offerings.High Client Retention and New Solutions Revenue
Concentrix maintained a high client revenue retention rate of approximately 99% in fiscal 2024. Nearly $1 billion of revenue in 2024 came from new solutions that didn't exist at scale two years ago, such as data annotation, AI design, and cybersecurity.
Completion of Webhelp Integration
The integration of Webhelp was completed ahead of schedule, with ongoing synergy benefits expected in 2025 and beyond.
Strong Free Cash Flow and Debt Reduction
Adjusted free cash flow was $475 million for the year. The company reduced net debt by approximately $209 million during the year.
Positive Revenue Growth in Key Verticals
Revenue from retail, travel, and e-commerce clients grew almost 9% year-over-year, and revenue from banking, financial services, and insurance clients grew 5%.
Robust Pipeline and Future Growth Plans
The company secured key transformative wins and expects to grow revenue, non-GAAP operating margin, and free cash flow in 2025.
---
CNXC 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
---
CNXC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 15, 2025 | $47.47 | $48.78 | +2.76% |
| Sep 25, 2024 | $63.16 | $51.16 | -19.00% |
| Jun 26, 2024 | $57.34 | $62.03 | +8.18% |
| Mar 26, 2024 | $61.17 | $64.09 | +4.77% |
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.
---
FAQ
When does Concentrix (CNXC) report earnings?
Concentrix (CNXC) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Concentrix (CNXC) earnings time?
Concentrix (CNXC) earnings time is at Apr 01, 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 CNXC EPS forecast?
CNXC EPS forecast for the fiscal quarter 2025 (Q1) is 2.66.
---