-=Conduent (CNDT) reported earnings on Thur 6 Aug 20 (a/h)

Conduent beats by $0.17, beats on revs; guides Q3 revs mostly above consensus

Reports Q2 (Jun) earnings of $0.12 per share, excluding non-recurring items, $0.17 better than the S&P Capital IQ Consensus of ($0.05); revenues fell 8.6% year/year to $1.02 bln vs the $925.5 mln S&P Capital IQ Consensus.

Co issues in-line guidance for Q3, sees Q3 revs of $0.960-1.01 bln vs. $962.50 mln S&P Capital IQ Consensus. Sees Adjusted EBITDA margin of between 10.0% and 11.5%.

Earnings this week : August 3 - 7, 20 (wk 32)

Monday (Aug 3)

• Morning: CLX CMS CNA EME GPN LGND CLI MPC MCK MCY MPLX NNN NBL TKR TSN
• Afternoon: AIG BRKR BWXT CWST CHGG CRUS FANG DLB PLOW EMN FIVN FBM FRPT HHC H ICHR IR INVH ITRI KMPR KMT KLACRMBS RRC O RBC REG RNG SBAC SEDG STE SYKE TTWO THC TXRH TREX VVV VNOM SPCE WMB

Tuesday (Aug 4)

• Morning: ACM ATI AMRN AMCX AME ARMKBMCH BP CNK CYBR DEA EPC ESI EMR AQUA EXC EXPD FIS FI IT THRM HEES HAE HLNE HSIC IAA INCY INGR IPHI XENT IGT IPGP JELD KKR LCII LEA LDOS TREE LGIH MNK PRIM RCM RL RHP SPNS BLD TDG USCR USFD VSH VMC WEC WBT WRK ZBH
• Afternoon: ACHC ATVI ALSN ALL ANET BYND BMRN BOOT CDLX CDNA CDK CNO COHR CMP CORT DK DVN ENTA ENPH ETH EVER EVTC EXR FOE FNF FMC FOXA GTES GLUU LOPE GDOT PEAK ICFI IOSP INGN INSP NVTA JAZZ KTOS LC LPSN LMNX MTCH MODN MNST NKLA NPTN NEWR NUVA ONTO OMI ORCC PAYC PAA PLNT PPD PUMP PRU RGA TSLX TRHC TRUP TWLO UPWK VRSK DIS WU WW WYNN

Wednesday (Aug 5)

• Morning: AEIS GOLF ALE ABC ARES ASTE ATH AVA BCOR BWA BV CPRI CDW FUN CRL CLH CVS DISCA ERJ ENBL ENR EVRG EVOP EXTR FVRR GCP GEL ROCK HSC HEP HMC HZNP HUM INMD IONS KAR LL MTG MIDD MRNA NYT NXST NLSN NI DNOW ODP PSN PRGO REGN REYN SRE SBGI SR STWD STOR SSYS TCP TEVA TRI VCEL VST WD W WEN WWW
• Afternoon: ACAD DDD ADT ADTN ATSG ALRM ALB DOX UHAL AEL AWK ANSS ARNA ATO BTG BLDP BNFT BFAM CCMP CWH CVNA CTL CDAY CF CHX CHNG XEC COLL CPA CXW CTVA CCRN CSGS CUB DAR DCP ELF ECPG ENDP ET PLUS EPR WTRG ETSY RE FSLY FATE FRT FISV FOXF FNV FTDR GBT GMED GDDY HR HI TWNK HUBS IAG IMMU INFN INSG JACK KBR KRO LHCG LNC LYV MFC MRO MATX MBI MET MWA NTRA NVRO LASR MNIH NUS NUAN OLN OHI OSUR OR OUT PAAS PK PE PDCE PVG PRI PGNY PTCT PSA QTWO KWR RYN RCII RMD ROKU RGLD SGMO SRPT SILK SONO SJI SQ STAA SUN SPWR SYNA TTGT TRMB TWO VAR VSLR VOYA HCC WELL WDC ZIXI ZGNX ZNGA

Thursday (Aug 6)

• Morning: AAON ABMD ACIW ADNT WMS AES ALNY AEP AMRX AAWW BLL BHC BDX BMY CNQ CAH ECOM LNG CHH CWEN CCOI CFX COMM CORE CRON XRAY EPAM EXLS FLI GTN HL HLT HIMX IBP NTLA IDCC IRM IRWD JLL KELYA KTB LAMR LAUR LXP MMS MYL EYE NICE NOMD NCLH OGE PCRX PZZA PH PENN DOC PNW PLUG PBH PWR QSR STNG SEE SERV SRCL SYNH TRGP TEN MEET SHYF THS USPH VGR VER VIAC VSTO VG WLK WIX YETI ZTS
• Afternoon: AL XLRN LNT ALTR AYX AMH COLD AMN AINV APPN AGO AVT AAXN AXNX BECN BL BKNG EPAY BHF CABO CBT CZR CATM CARG CHUY NET ED CNDT CUBE CWK DDOG DRH DBX DXC EDIT ENV EOG EB EVBG EXEL FGEN FSLR FLO FTNT GPRO GRPN GH GWPH HTA HLF ILMN PODD IRTC LSI LFG.A LTHM LVGO MAIN MTW MMI MHK MSI NFG NSA NKTR NNI NWSA NDLS NLOK OTEX PCT PLYA POST PRAA PRAH PBYI RPD ROLL RMAX RGNX RSG RBA STMP SLF SVMK SWCH TMUS TLND TDC REAL TTD TPIC TRIP TRUE TWST UBER OLED UPLD ECOL VSAT WCM WWD YELP ZG ZIOP

Friday (Aug 7)

• Morning: CSIQ CNNE ROAD HMSY TILE KIM MGA NJR NWN SABR VTR VIRT

Earnings spotlight: 

• McKesson (NYSE:MCK), Marathon Petroleum (NYSE:MPC), Tyson Food (NYSE:TSN), AIG(NYSE:AIG), Tenet Healthcare (NYSE:THC) and Dish Network (NASDAQ:DISH) on August 3; 
• BP (NYSE:BP), US Foods (NYSE:USFD), Exelon (NASDAQ:EXC), Prudential (NYSE:PRU), Disney (NYSE:DIS), Allstate (NYSE:ALL), Ralph Lauren (NYSE:RL) and Fox Corporation (NASDAQ:FOXA) on August 4; 
• Honda (NYSE:HMC), CVS Health (NYSE:CVS), Humana (NYSE:HUM), Wayfair (NYSE:W), Wendy's (NASDAQ:WEN), MetLife (NYSE:MET) and Western Digital (NASDAQ:WDC) on August 5; 
• Cardinal Health (NYSE:CAH), Bristol-Myers (NYSE:BMY), ViacomCBS (NASDAQ:VIAC), Mylan (NASDAQ:MYL), Yeti (NYSE:YETI), T-Mobile (NASDAQ:TMUS), Con Edison (NYSE:ED) and Uber (NYSE:UBER) on August 6; 
• Magna International (NYSE:MGA), Domtar (NYSE:UFS) and Canadian Solar (NASDAQ:CSIQ) on August 7.

This week's biggest % winners & losers : Nov 5 - 9, 18 (wk 45)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: INOV (11.51 +22.58%)
• Industrials: HTZ (19.41 +31.59%)
• Consumer Discretionary: LTRPA (18.75 +23.84%), ETSY (52.01 +21.41%), ODP (3.25 +21.27%)
• Information Technology: CALX (10.26 +38.27%), FNSR (21.79 +30.56%), RUBI (4.36 +28.24%), TWLO (92.23 +24.1%), CYOU (18.06 +23.53%), ARRS (30.72 +22.63%), NOVT (75.32 +21.41%)
• Energy: SD (11.06 +24.27%)
• Consumer Staples: REV (28.61 +29.57%)

This week's top 20 % losers

• Healthcare: MDXG (2.8 -56.25%), NTRA (16.8 -24.8%)
• Materials: KOP (19.8 -30.06%)
• Industrials: NNBR (7.79 -38.26%)
• Consumer Discretionary: ADNT (21.52 -33.27%), SUP (7.29 -25.69%), CTRP (26.13 -25.28%)
• Information Technology: CNDT (13.04 -31.55%), UEPS (4.84 -30.86%)
• Financials: OCN (2.83 -25.53%)
• Consumer Staples: STKL (5.24 -26.82%)

Conduent (CNDT) reported earnings on Tue 6 Nov 18 (b/o)

** charts after earnings **

 

 Conduent reports EPS in-line, misses on revs; lowers FY18 revs guidance below consensus

• Reports Q3 (Sep) earnings of $0.28 per share, in-line with the S&P Capital IQ Consensus of $0.28; revenues fell 11.9% year/year to $1.3 bln vs the $1.34 bln S&P Capital IQ Consensus.
• Co lowers guidance for FY18, sees FY18 revs of $5.34 bln to $5.40 bln from $5.41 bln to $5.61 bln vs. $5.47 bln S&P Capital IQ Consensus.
  • Adjusted EBITDA expected between $640 mln and $650 mln, down from previous guidance for $662 mln to $688 mln
  • Adjusted FCF expected between $160 mln and $195 mln, down from previous guidance for $166 mln to $241 mln

This week's biggest % winners & losers : Feb 20 - 24, 17 (wk 8)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare:LNTH (12.73 +34.66%),CYH (9.22 +33.62%),AXDX (26.6 +14.9%),THC (21.99 +13.53%),SRPT (31.95 +12.98%)
• Materials:TROX (17.4 +20.67%)
• Industrials:GNK (11.36 +15.1%),SBLK (9.5 +15.01%),FIX (38.65 +14.86%)
• Consumer Discretionary:PLKI (79.02 +19.51%),RH (31.34 +16.85%),TV (26.44 +14.41%),LL (17.39 +13.22%),GNC (8.63 +12.96%)
• Information Technology:KEM (11 +36.48%),AAOI (46.22 +24.01%),SQ (17.43 +20.46%),UCTT (14.66 +20.26%),CNDT (16.97 +12.98%),OLED (81.5 +12.96%)

This week's top 20 % losers

• Healthcare:TRVN (4 -43.9%),MNTA (15.5 -18.42%),AMRI (15.21 -18.27%),AMPH (15.19 -17.45%),BCRX (5.51 -16.01%)
• Materials:NAK (1.55 -31.42%),HCLP (17.35 -18.54%)
• Industrials:GRAM (3.32 -35.03%)
• Consumer Discretionary:ENT (4.31 -30.71%)
• Information Technology:SREV (4.01 -31.22%),ACIA (54.03 -18.86%),OCLR (9.23 -16.29%)
• Financials:OCN (4.24 -19.08%)
• Energy:BPT (21.3 -27.92%),FMSA (9.93 -17.59%),PKD (1.95 -17.02%),QEP (14.05 -16.72%),AROC (13.35 -15.51%),SWN (7.35 -15.32%)

Conduent (CNDT) reported earnings on 22 Feb 17 (b/o)

 ** 2 days later  **

  

Conduent, the company that was spun off from Xerox and which focuses on business services, has released fourth-quarter and full-year earnings.

Those full-year results represent operations while Conduent was still part of Xerox Corp.

For the fourth quarter, the company saw a net loss of $951 million and revenues of $1.5 billion. For the fiscal year overall, the loss was $983 million, and revenues came in at $6.4 billion.

Conduent CEO Ashok Vemuri says last year the company was focused on executing a successful separation from Xerox to become a stand-alone public company.

The company recorded a $935 million non-cash goodwill impairment charge, which is attributed mainly to weaker than expected commercial sector revenues and operating profits.

Conduent is also in discussions with New York state regarding a health enterprise project, which the company says it will likely not fully implement, and that will result in a charge of about $161 million in its numbers for the fourth quarter of 2016.

Vemuri says that as Conduent moves into 2017, it has a near-term focus of strengthening client relationships, completing the build-out of its management structure and “continuing the success of our strategic transformation program in reaching our margin expansion goals.”

Conduent (CNDT) completes its separation from Xerox (XRX)

 

 

Conduent (CNDT) completed its separation from Xerox (XRX) and is now an independent public company trading on the NYSE. Conduent debuts as the world's largest pure-play business process services leader with approximately $6.7 billion in annual revenue, a portfolio of differentiated offerings and a vision focused on technology and innovation to advance the client and constituent experience.

=Xerox (XRX) reported earnings on Fri 28 Oct 2016 (b/o)

Xerox reports EPS in-line, misses on revs; guides Q4 EPS in-line; Conduent spin off on track  :

• Reports Q3 (Sep) earnings of $0.27 per share, in-line with the Capital IQ Consensus of $0.27; revenues fell 2.8% year/year to $4.21 bln vs the $4.31 bln Capital IQ Consensus. 
  • Services rev +1% to $2.4 bln; margin of 9.4 percent, up 1.6 percentage points on an adjusted basis
  • Document Technology rev down 9%; margin of 13.1 percent, down 0.8 percentage points
• Co issues in-line guidance for Q4, sees adj. EPS of $0.32-0.35 vs. $0.34 Capital IQ Consensus Estimate. 
• Conduent's spin off on track to complete by year end: Stock will trade on the New York Stock Exchange (:NYSE) under the symbol "CNDT."