NASDAQ$CNDT

Conduent Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Conduent's Q4 2019 earnings were reported, revealing a decrease in revenue and a net loss, but progress in company transformation and strategic review completion.

Conduent reported a decrease in revenue and a GAAP net loss for Q4 2019, impacted by a goodwill impairment charge. However, the company concluded its strategic review, identified investment plans for growth and efficiency, and saw strong initial signings performance in Q1 2020.

  • Revenue decreased by 14.3% year-over-year to $1,099 million.
  • GAAP net loss was $(581) million compared to $(140) million in Q4 2018, including a $601 million goodwill impairment charge.
  • Adjusted EBITDA was $130 million, down (13.3)% year-over-year.
  • Adjusted diluted EPS from continuing operations was $0.18 compared to $0.26 in Q4 2018.

Headline financials

Total Revenue

$1.1B

Previous: $1.28B-14.3%
EPS (adj)

$0.18

Previous: $0.26-30.8%
Capital Expenditures

$39M

Previous: $60M-35.0%
Free Cash Flow

$309M

Previous: $193M+60.1%
Net Income

-$581M

Previous: -$140M-315.0%
Operating Income

-$635M

No prior period
Gross Profit

$249M

Previous: $293M-15.0%
Cash & Equivalents

$496M

Previous: $756M-34.4%
Total Assets

$4.51B

Previous: $6.68B-32.4%
Stock-Based Comp

$5M

Previous: $8M-37.5%

Revenue & EPS history

Conduent · Revenue · Quarterly

$1.1B

Q4 2019-14.3%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Conduent established FY 2020 guidance, expecting revenue to be down (6) - (8)% and Adj. EBITDA Margin to be 10.5% - 11.5%.

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 Q4 2019

Historical avgQ4 2019

-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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