Concentrix Stock Flops On Q3 Earnings Miss, Lowered Guidance

Core Viewpoint - Concentrix Corp. reported mixed third-quarter earnings, with a decline in adjusted EPS guidance for fiscal 2025, leading to a significant drop in stock price. Financial Performance - Quarterly earnings were reported at $2.78 per share, missing the Street estimate of $2.86 [1] - Quarterly revenue was $2.48 billion, surpassing the analyst consensus estimate of $2.45 billion [2] Management Commentary - CEO Chris Caldwell highlighted the company's growth momentum and strong position in providing business transformation solutions that integrate CX expertise, AI, and IT services globally [3] Future Outlook - For the fourth quarter, Concentrix expects adjusted EPS between $2.85 and $2.96, below the $3.32 analyst estimate, and revenue between $2.52 billion and $2.55 billion, aligning with the $2.52 billion analyst estimate [3] - The fiscal 2025 adjusted EPS guidance was lowered to a range of $11.11 to $11.23, compared to the $11.69 analyst estimate, while the revenue outlook was raised to between $9.79 billion and $9.82 billion, above the $9.77 billion estimate [4] Stock Performance - Following the earnings report, Concentrix stock fell by 22.44%, trading at $42.48 in extended trading [4]