Concentrix Gears Up to Report Q4 Earnings: What's in the Offing?

Concentrix Corporation CNXC is scheduled to release fourth-quarter fiscal 2024 results on Jan. 15, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.CNXC surpassed the Zacks Consensus Estimate in two of the past four quarters and missed twice, the earnings surprise being 2.3%, on average.Concentrix Corporation Price, Consensus and EPS Surprise  Concentrix Corporation price-consensus-eps-surprise-chart | Concentrix Corporation QuoteConcentrix’s Q4 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $9.6 billion, suggesting a 35.2% increase from the year-ago quarter’s actual. The top line is estimated to have been driven by an increase in client requests for transformation investments in exchange for longer contracts.We anticipate technology leadership to have allowed the company to drive automation to enhance performance and lower costs for the client while improving the customer experience.Recently, the company launched iX Hello, which is CNXC’s first product in its new Intelligent Experience Technology Suite focussed on assisting organizations to harness the power of Gen-AI across their operations.This above-mentioned product, which integrates across internal applications to boost clients’ productivity, visibility and quality of work with an on-brand, compliant, and secure environment, is likely to have resulted in more client wins, thereby boosting CNXC’s top line.The consensus estimate for earnings is pegged at $11.1 per share, indicating a 2.9% decline on a year-over-year basis.What Our Model Predicts for CNXCOur proven model does not conclusively predict an earnings beat for Concentrix this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.CNXC has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Earnings Snapshot of CNXC’s PeersABM Industries Incorporated ABM reported impressive fourth-quarter fiscal 2024 results.ABM’s EPS (excluding $1.1 from non-recurring items) was 90 cents, which outpaced the Zacks Consensus Estimate by 4.7% while declining 10.9% on a year-over-year basis. Total revenues of $2.2 billion surpassed the consensus mark by 4.3% and increased 4% from the year-ago quarter.TransUnion TRU posted impressive third-quarter 2024 results.TRU’s quarterly adjusted earnings (adjusting 69 cents from non-recurring items) of $1 per share surpassed the consensus mark by 2% and increased 14.3% on a year-over-year basis. Total revenues of $1.1 billion outpaced the consensus mark by 2.2% and increased 12% from the year-ago quarter.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Concentrix Corporation (CNXC): Free Stock Analysis Report TransUnion (TRU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks