Conduent expected to post US$1.26 billion sales
Zacks Investment Research has forecast that for the current quarter Conduent Incorporated, the world’s largest provider of diversified business services, is expected to generate US$1.26 billion in sales. In the final quarter of 2017, the firm posted US$1.49 billion in sales up US$23 million from projected sales. This suggests a negative year on year growth rate of 15.4%, said the report. For 2018 Conduent is expected to achieve US$5.37 to US$5.38 billion in full year sales. Analysts also forecast estimates ranging from US$4.54 to US$5.12 billion for the next fiscal year. The company reported US$0.28 in earnings per share (EPS) for the quarter based on its quarterly earnings results released Wednesday. The EPS fell below Thomson Reuters’ consensus estimate of US$0.29. Conduent had revenue of US$1.30 billion compared to analysts’ expectations of US$1.34 billion.
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