Stock plummets following spin-off and revenue decline forecast

  • NCR Voyix shares down 19% after 4Q results and 2024 outlook
  • First earnings report following spin-off of NCR Atleos
  • Guidance for slight revenue decline this year
  • Stock down 30% this year
  • Fourth-quarter revenue at $963 million
  • 2024 revenue expected to be $3.6 billion to $3.7 billion
  • Oppenheimer maintains outperform rating with $19 price target
  • Needham maintains buy rating with lowered target of $20

Shares of NCR Voyix were 19% lower Friday after its first earnings report following the spin-off of NCR Atleos and guidance for a slight revenue decline this year. The stock was recently trading at $11.80 and down is about 30% this year. NCR Voyix, which provides digital commerce technology for retail, restaurants and digital banking, said Thursday that fourth-quarter revenue was $963 million, compared with $966 million a year earlier. For 2024, it expects $3.6 billion to $3.7 billion in revenue, compared with $3.83 billion in 2023. Oppenheimer, which kept its outperform rating and $19 price target, said the company "will continue to face some volatility in the hardware business, but Ebitda growth should be driven by cost savings actions and software and services growth." Needham maintained its buy rating and lowered its target to $20 from $22.

Factuality Level: 8
Factuality Justification: The article provides factual information about NCR Voyix’s stock performance, earnings report, revenue, and analyst ratings. There are no obvious signs of bias, misleading information, or sensationalism. The article sticks to the main topic without unnecessary digressions or tangential details.
Noise Level: 3
Noise Justification: The article provides relevant information about NCR Voyix’s stock performance, earnings report, revenue projections, and analyst ratings. It stays on topic and does not contain exaggerated reporting or irrelevant details. However, it lacks in-depth analysis, scientific rigor, and accountability of powerful people, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Shares of NCR Voyix
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the earnings report and stock performance of NCR Voyix.
Public Companies: NCR Voyix (N/A), NCR Atleos (N/A)
Key People: Josh Beckerman (N/A)

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