Conduent Incorporated (CNDT) Earnings Surprise by -23.50% in 6/29/2019: What Dose This Mean?

Conduent Incorporated (CNDT) is owned by a number of high-value investors. Its largest direct holder is Clifford Skelton Chief Executive Officer and Director with 338,894 shares. The second-largest direct holder is Brian J. Webb-walsh Executive Vice President and Chief Financial Officer, with 112,206 shares of the company’s stock. In third place with 87,545 shares of CNDT is Jeffrey Friedel Executive Vice President and Chief People Officer.

Now turning to institutional ownership of Conduent Incorporated (CNDT), Icahn Associates Holding LLC is the top holder with 38.15 million shares. The next largest fund holder of this company’s stock is The Vanguard Group, Inc. with 16.61 million shares. In the third-place spot with 11.01 million shares is BlackRock Fund Advisors.

This company’s stock price was $6.50 at the previous market close, with its latest volume reaching 4,948,342. Compare that to its average daily volume of 3.11M. Given the fact that this stock has 208.50M shares outstanding, its current market value is sitting at $1.36B. Its Price to Sales ratio is 0.28, its Price to Cash Flow ratio is 4.91, and its Price to Book ratio is 0.71.

CNDT stock has achieved a 5-day range of $5.97 to $6.60, with a total performance of -0.15% during that period. Meanwhile, in the past month of trading, this stock has traded in the range of $5.97 to $7.29, generating a +1.88% change during the period. In the past three months, this stock’s price has changed by -27.78%, trading in the range of $5.26 to $9.93.

In the past 5 days, shares of CNDT have made a new high 3 times. In the last month, it has made a new high 8 times, and in the past 3 months, it has made a new high 10 times.

Now let’s turn to this public company’s earnings. For the quarter ending 6/29/2019, the earnings per share (EPS) was reported at 0.13. This is a -0.04 difference compared to the consensus estimate of 0.17, amounting to an earnings surprise of -23.50%. In the previous quarter, which ended in 6/29/2019, the consensus estimate was 0.17, making for an earnings surprise of -17.60%. For the quarter ending 12/30/2018, EPS was reported at 0.26, generating a 0.00% earnings surprise.

The Net Income for the most recent full fiscal year, which ended in 12-2018, was $-416.0 million. This is compared to the prior year, where Net Income was $181.0 million. Meanwhile, this company’s Operating Cash Flow was $283.0 million for the year, compared to $300.0 million in 2017. Capital Expenditures for the year were reportedly -$179.0 million, compared to -$96.0 million, and Free Cash flow was $59.0 million compared to the prior year’s $168.0 million.

Conduent Incorporated (CNDT) stock currently has a Financial Strength score of 4.1/10. This is due to a combination of factors, including a Cash to Debt ratio of 0.15, an Equity to Asset ratio of 0.36, a Debt to Equity ratio of 1.01 and a Debt to EBITDA of -1.66. The Interest Coverage of this stock is 1.11, its Piotroski F-Score is 2, its Altman Z-Score is -0.27 and its Beneish M-Score is -2.48.

This publicly-traded company’s Profitability and Growth score is 3/10, thanks to a combination of things: an Operating Margin of 1.87, a Net Margin of -35.3, a ROE of -57.82, and a ROC of -361.37.

Shifting focus now to Valuation and Return for CNDT, this company’s Price to Median PS Value is 0.51.

Certain ratios provide helpful insights into how a stock is performing. The Quick Ratio for CNDT is sitting at 1.32, while its Current Ratio is 1.32. This stock’s PB Ratio is 0.76, its PS Ratio is 0.29. Similarly.