Computer Sciences Third Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Computer Sciences (NYSE:CSC) will unveil its latest earnings on Tuesday, February 5, 2013. Computer Sciences Corporation offers information technology and professional services to commercial and government markets, specializing in the application of complex IT problems.
Computer Sciences Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 63 cents per share, a decline of 53.3% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 25.5% compared to last year’s $2.51.
Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 83 cents per share against a mean estimate of profit of 47 cents, and the quarter before, the company exceeded forecasts by 6 cents with net income of 26 cents versus a mean estimate of profit of 20 cents.
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A Look Back: In the second quarter, the company swung to a profit of $130 million (83 cents a share) from a loss of $2.88 billion ($18.56) a year earlier, beating analyst estimates. Revenue fell 2.8% to $3.85 billion from $3.97 billion.