Conduent Inc. (CNDT)
Conduent, Inc. (CNDT) Q2 2024 Earnings Call Transcript
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) Reports Q2 Loss, Tops Revenue Estimates
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 Selling Subsidiaries To Enable Profitable Growth
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.
