Concentrix Stock Plummets on Disappointing Earnings Forecast

Shares of Concentrix (CNXC) tumbled 9.3% after the company reported third-quarter earnings that fell short of analysts' expectations. Despite broader market gains, with the S&P 500 and Dow Jones Industrial Average rising, Concentrix investors reacted sharply to the disappointing guidance.

The company posted EPS of $2.78, missing the consensus estimate of $2.87. Management further dampened sentiment by revising its fiscal 2025 adjusted EPS forecast downward to $11.11-$11.23, from an earlier range of $11.18-$11.77. Revenue outperformed slightly at $2.48 billion versus $2.46 billion expected, but profit concerns dominated the narrative.

Today's sell-off reflects growing skepticism about Concentrix's ability to meet growth targets. The stock's partial recovery from an early 21.8% drop suggests some investors see value at current levels, though the revised outlook leaves little room for error.