Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CTSH to report 3Q20 income of $ 0.90 per share.
For the full year, analysts anticipate top line of $ 16543.30 million, while looking forward to income of $ 3.53 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 16,400.00 million ~ $ 16,700.00 million, where as bottomline are predicted in a range of $ 3.48 ~ $ 3.58 per share
Click Here For More Historical Outlooks Of Cognizant Technology Solutions Corporation
Previous Quarter Performance
Cognizant Technology Solutions Corporation revealed income for the second quarter of $ 0.82 per share, from the revenue of $ 4,000.00 million. The quarterly earnings fell 12.77 percent while revenues declined 3.40 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.69 per share from $ 3837.19 million in revenue. The bottom line results beat street analysts by $ 0.13 or 18.84 percent, at the same time, top line results outshined analysts by $ 162.81 million or 4.24 percent.
Stock Performance
Shares of Cognizant Technology Solutions Corporation traded up $ 0.68 or 0.94 percent on Tuesday, reaching $ 73.39 with volume of 5.50 million shares. Cognizant Technology Solutions Corporation has traded high as $ 73.50 and has cracked $ 72.52 on the downward trend
According to the previous trading day, closing price of $ 73.39, representing a 81.73 % increase from the 52 week low of $ 40.01 and a 3.47 % decrease over the 52 week high of $ 75.32.
The company has a market capital of $ 39.80 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Susquehanna Bancshares to Positive from Neutral rating.
- On 11th September 2020, upgraded by Bank of America to Buy from Neutral rating, with $ 76.00 target price.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.22 per share to holders of record as of the close of business on August 21, 2020, with payment date of August 31, 2020 and ex-dividend date on August 20, 2020.
Conference Call
Cognizant Technology Solutions Corporation will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cognizant.com
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.
