If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Conduent (CNDT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Does Conduent (CNDT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Conduent, Inc. (NASDAQ:CNDT ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Giles Goodburn - VP & IR Steve Wood - CFO Clifford Skelton – President & CEO Conference Call Participants Patrick McCann - Noble Capital Markets Marc Riddick - Sidoti & Company Unknown Participant - Singular Research Operator Welcome to the Conduent's Second Quarter 2024 Earnings Conference Call. [Operator Instructions].
Conduent (CNDT) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.01 per share a year ago.
Conduent is undergoing a transition to improve profitability and growth, through divestitures and debt reduction. Despite revenue declines, potential profitability could lead to excellent results for shareholders, making it a Buy. I have a one-year price target of $4.14, which would be a 24.32% gain on the July 3, 2024 close of $3.33.