Many equities analysts have been expecting the stocks of Cognizant Technology Solutions (Nasdaq: CTSH) to declare a sale of around $4.24B for the quarter, as reported by Zacks Investment Research.
Six of the analysts working have already formulated an estimate for the earnings of the company, with the ceiling limit at $4.27B. The company did end up having a $4.28B sale in the previous year- so it indicated a negative 0.9% annual growth rate. The next report on the company’s earnings would be published on the 3rd of February.
The Quarterly Earnings of CTSH
The stocks of CTSH previously posted their stock market quarterly earnings on the 28th of October. The provider of information technology had reported an EPS of $0.97 for the quarter- which beat out the estimate of the company by $0.07. The company had a 19.04% return on its equity along with an 8.78% margin. The revenue of the firm was $4.24B- when compared to the analyst estimate of around $4.15B.
There have been quite a few research firms that have already commented on the stocks of CTSH, 140166 has already rated the company a ‘positive’, along with a target price of $87. The Goldman Sachs Group, too, has issued a rating of ‘Buy’ along with a price target of $90 on the stocks of the company. Societe Generale also joined in on the fray- with a rating of ‘buy’, and a price target of $85.
Four of the investment analysts have already given the stock a rating of ‘sell’, while nine of them have given it a rating of ‘hold’. Twelve of the analysts have worked on the stocks of CTSH to give it a rating of ‘buy’. Currently, the average rating on the company is ‘Hold’, whereas the price target has been fixed at $73.52.