Key Highlights:
- Concentrix (CNXC, Financial) reported Q2 Non-GAAP earnings slightly below expectations.
- Revenue exceeded forecasts, demonstrating robust business performance.
- Moderate stock price decline despite positive revenue outlook for Q3 2025.
Concentrix (CNXC) has announced its financial results for the second quarter, revealing a slight miss in Non-GAAP earnings per share, which came in at $2.70, $0.05 below analysts' expectations. However, the company showcased strong revenue figures, reaching $2.42 billion, exceeding predictions by $40 million. Looking ahead to the third quarter of fiscal 2025, Concentrix forecasts revenue to fall between $2.445 billion and $2.470 billion, with non-GAAP EPS projections ranging from $2.80 to $2.91. Despite this positive outlook, shares experienced a decline of 5.06%.
Wall Street Analysts' Insights
Market experts have set a one-year average target price of $67.00 for Concentrix Corp (CNXC, Financial), derived from 6 financial analysts. This encompasses a high estimate of $80.00 and a low estimate of $54.00. The average target suggests a potential upside of 21.53% from the current trading price of $55.13. For additional estimate details, visit the Concentrix Corp (CNXC) Forecast page.
According to consensus from 6 brokerage firms, Concentrix Corp's (CNXC, Financial) average brokerage recommendation stands at 2.0, signifying an "Outperform" rating. This rating is part of a scale where 1 represents a Strong Buy and 5 corresponds to a Sell.
Future Valuation Expectations
Based on GuruFocus' calculations, the estimated GF Value for Concentrix Corp (CNXC, Financial) over the next year is $99.46, indicating a significant upside of 80.41% from the current price of $55.13. The GF Value represents GuruFocus' assessment of the stock's fair trading value, formulated through historical stock trading multiples, past business growth, and future performance projections. For more comprehensive data, refer to the Concentrix Corp (CNXC) Summary page.
