NASDAQ$CNDT

Conduent Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Conduent's Q2 2024 financial results were announced, with Adjusted Revenue and Adjusted EBITDA exceeding expectations and Q2 representing the low point in the growth trajectory.

Conduent reported Q2 2024 financial results, with revenue of $828 million. Adjusted Revenue and Adjusted EBITDA exceeded expectations. The company completed the transfer of the BenefitWallet portfolio and prepaid $300 million of the Term Loan B.

  • Revenue was reported at $828 million.
  • Pre-tax Income was $300 million.
  • New Business Signings ACV reached $142 million.
  • Adjusted EBITDA Margin was 3.6%.

Headline financials

Total Revenue

$828M

Previous: $915M-9.5%
EPS (adj)

-$0.14

Previous: $0.01-1500.0%
Capital Expenditures

-$31M

Previous: -$20M-55.0%
Free Cash Flow

$185M

Previous: -$27M+785.2%
Net Income

$216M

Previous: -$7M+3185.7%
Operating Income

-$596M

Previous: $86M-793.0%
Gross Profit

$151M

Previous: $211M-28.4%
Cash & Equivalents

$300M

Previous: $500M-40.0%
Total Assets

$2.78B

Previous: $3.45B-19.5%
R&D Expense

$1M

No prior period
Stock-Based Comp

$5M

Previous: $6M-16.7%

Revenue & EPS history

Conduent · Revenue · Quarterly

$828M

Q2 2024-9.5%vs Q2 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Conduent anticipates adjusted revenue between $3,325M - $3,375M and Adj. EBITDA Margin between 4%-5%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-1.0%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-0.7%

Avg return

30 days after

53%

21 / 40 earnings

Positive

+84.8%

Q2 2020

Best reaction

-40.0%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-21.0%-23.9%
Q4 2025+0.4%+3.0%-3.7%
Q3 2025-20.1%-14.0%-12.2%
Q1 2025-3.0%+12.2%+29.8%
Q4 2024-6.2%-4.3%-28.7%
Q3 2024+10.0%+15.6%+8.6%
Q2 2024-14.0%-15.1%+1.1%
Q1 2024+16.8%+22.5%+11.1%
Q4 2023+8.8%+7.4%-3.5%
Q3 2023-18.2%-22.6%-0.6%
Q2 2023+5.0%-3.2%-7.6%
Q1 2023-17.2%-13.3%-1.8%
Q4 2022-3.7%-3.2%-23.3%
Q3 2022-7.0%-9.0%+1.0%
Q2 2022-10.3%-6.9%-13.7%
Q1 2022-15.5%-16.9%-2.2%
Q4 2021+0.0%+2.1%+0.9%
Q3 2021-12.7%-14.8%-26.6%
Q2 2021+10.5%+9.5%+18.4%
Q1 2021+2.8%+2.7%+8.4%
Q4 2020-10.1%-10.6%+25.3%
Q3 2020+7.8%+8.0%+21.1%
Q2 2020+84.8%+80.8%+65.3%
Q1 2020+2.3%-11.6%+32.7%
Q4 2019-16.8%-26.9%-58.0%
Q3 2019+10.6%-1.3%-1.8%
Q2 2019-23.5%-20.9%-21.9%
Q1 2019-40.0%-33.2%-29.5%
Q4 2018+5.6%+3.9%-6.3%
Q3 2018-31.2%-27.9%-37.8%
Q2 2018+6.5%+6.1%+21.9%
Q1 2018-2.1%-1.1%+4.1%
Q4 2017+14.3%+19.0%+19.3%
Q3 2017+1.3%+1.7%-3.8%
Q2 2017+8.4%+7.9%+1.3%
Q1 2016+1.2%-1.5%-1.7%
Q1 2017-3.8%-2.6%-5.4%
Q4 2014+1.7%+2.8%+4.9%
Q2 2016+1.7%+2.8%+4.9%
Q4 2016+14.3%-0.2%+4.1%
Q4 2015
Q3 2016
Q3 2015
Q2 2015
Q1 2015

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