Home Earnings What to Expect When Concentrix Corporation Reports Quarterly Earnings

What to Expect When Concentrix Corporation [CNXC] Reports Quarterly Earnings

Concentrix Corporation [NASDAQ:CNXC] will report earnings after markets close on Monday, January 11th.

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CNXC Earnings Forecast For The Current Quarter

Concentrix Corporation [CNXC] is expected to report earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $1.24B and an earnings per share of $1.98 for Nov 2020. Looking further ahead, the company is expected to report revenue of $1.19B at an EPS of $1.71 for Feb 2021. The estimates represent 4.50% and 22.53% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

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CNXC Price Performance

On Wall Street, Concentrix Corporation [NASDAQ:CNXC] finished Thursday’s session up 1.63% at $102.86. The stock went up to $103.925 at the same session while its lowest single day price was $100.375. In the last five days, it saw a rise of about 3.59%, Concentrix Corporation shares gained by almost 4.21% since the beginning of the year. However, the share price has dropped to as low as -11.92% below its one year high.

CNXC Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 100.85 level, and in case of violation of this particular level, it will cause more drop to 98.84 level. On the upper level, 105.94 is still the key resistance. The stock may increase to the subsequent resistance at 104.40. The MACD stands at 1.49, meaning price will increase in the next trading period. Percent R indicator moved to 14.23%, implying bullish price movement. Stochastic %K at 77.90% suggest holding the stock.

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What are analyst thoughts on Concentrix Corporation?

Looking forward to the Concentrix Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Concentrix Corporation stock at $122.50 within the next 12 months, which represents almost 16.03 per cent growth from its previous closing price of $102.86. The highest analysts’ target for Concentrix Corporation stock projections is $130.00 and the lowest one is $115.00. Still, 2 analysts sharing their consensus rating for CNXC stock in 2021 agree that it is a Buy.

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