CTSH 2021 Q3 Earnings Boosted By Equities Analysts!

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CTSH
CTSH

Jefferies Group investment analysts have boosted their 2021 Q3 EPS estimates relating to the CTSH shares in their research report of Thursday, 6th May. S. Thind, analyst of Jefferies Group anticipated that the service provider of information technology will be posting an EPS of $1.03 for this quarter. This forecast is up by the one done prior to this one by about $1.02. Jefferies Group also released their estimates for CTSH stock, primarily its EPS of 2022 Q1 at $1.07, its 2022 Q2 EPS at $1.11, 2022 Q3 EPS at $1.16, and its 2022 FY EPS at $4.56. CTSH stock released its last earning results of a quarter on May 4th, Tuesday. 

More About The CTSH Stock

The service provider of information technology reported an EPS of $0.97 thereby beating Reuters’ average estimate of around $0.94. It managed to beat that by $0.33. During this quarter, CTSH reported total revenue of $4.40 bn. The analysts anticipated revenue of $4.36 bn. The company has 19.04% returns on the equities and an 8.78 % net margin. The quarterly revenue of the business increased by 4.1%. This is in comparison to the similar quarter of last year. Last year, in a similar quarter, CTSH earned an EPS of $0.96. 

The stock was also a subject of anticipation for several analysts. HSBC downgraded the ratings of the shares of the company from “buy” to “hold” while setting a price target of $80.00 for the shares of the company on Thursday, 4th February. Berenberg Bank increased the price target from $70.00 – $77.00 while issuing a rating of “hold” on the shares of the company in their research report on Thursday, 2nd February. Morgan Stanley decreased the price target from $95.00 – $93.00 while setting a rating of “overweight” on the shares of the company in their research note on Thursday.