Cognizant Tech Solns CTSH announces its next round of earnings this Wednesday, July 29. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2earnings announcement.
Earnings and Revenue
Cognizant Tech Solns earnings will be near $0.69 per share on sales of $3.83 billion, according to analysts. Cognizant Tech Solns EPS in the same period a year ago totaled $0.940. Revenue was $4.14 billion. If the company were to post earnings in-line with the consensus estimate when it reports Wednesday, EPS would be down 26.6%. Sales would be down 9.24% from the year-ago period. Cognizant Tech Solns's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
---|---|---|---|---|
EPS Estimate | 0.93 | 1.04 | 1.05 | 0.92 |
EPS Actual | 0.96 | 1.07 | 1.08 | 0.94 |
Revenue Estimate | 4.22 B | 4.23 B | 4.21 B | 4.14 B |
Revenue Actual | 4.22 B | 4.28 B | 4.25 B | 4.14 B |
Stock Performance
Shares of Cognizant Tech Solns were trading at $63.43 as of July 28. Over the last 52-week period, shares are down 2.61%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Analysts have developed a bearish outlook on the upcoming earnings release over the past few days versus 90 days ago. The general EPS consensus estimate since that time has moved up 25.81% while revenue estimates have moved up 9.24%.
Don't be surprised to see the stock move on comments made during its conference call. Cognizant Tech Solns is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/990/35720
Edge Rankings
Price Trend
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