* Cognizant Technology Solutions Corp reported quarterly adjusted earnings of $1.12 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.11. The mean expectation of twenty one analysts for the quarter was for earnings of $1.11 per share. Wall Street expected results to range from $1.07 to $1.16 per share.
* Revenue fell 1.1% to $4.76 billion from a year ago; analysts expected $4.72 billion.
* Cognizant Technology Solutions Corp's reported EPS for the quarter was $1.10.
* The company reported quarterly net income of $546 million.
* Cognizant Technology Solutions Corp shares had fallen by 10.4% this quarter and lost 13.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 1.3% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 21 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the it services & consulting peer group is also "hold"
Wall Street's median 12-month price target for Cognizant Technology Solutions Corp is $76.00 This summary was machine generated from LSEG data May 1 at 11:10 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.11 1.12 Beat
Dec. 31 2023 1.04 1.18 Beat
Sep. 30 2023 1.09 1.16 Beat
Jun. 30 2023 0.99 1.10 Beat
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