Computer Sciences Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Computer Sciences Corp (NYSE:CSC) will unveil its latest earnings on Wednesday, August 10, 2011. Computer Sciences Corporation offers information technology and professional services to commercial and government markets, specializing in the application of complex IT problems.

Computer Sciences Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 70 cents per share, a decline of 23.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 98 cents. Between one and three months ago, the average estimate moved down, but has risen from 69 cents during the last month. For the year, analysts are projecting profit of $4.67 per share, a rise of 3.5% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of $1.01 per share against a mean estimate of $1.28. Two quarters ago, it beat expectations by 5 cents with profit of $1.54.

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Wall St. Revenue Expectations: On average, analysts predict $3.99 billion in revenue this quarter, a rise of 1.3% from the year ago quarter. Analysts are forecasting total revenue of $16.47 billion for the year, a rise of 2.7% from last year’s revenue of $16.04 billion.

Analyst Ratings: Analysts seem relatively indifferent about Computer with eight of 10 analysts surveyed maintaining a hold rating.

Key Stats:

The decrease in profit in the fourth quarter of the last fiscal year comes after net income rose in the previous quarter. In the fourth quarter of the last fiscal year, net income fell 34% to $171 million. In the third quarter of the last fiscal year, net income rose 14.7%.

Revenue fell in the fourth quarter of the last fiscal year after seeing a rise the quarter before. Revenue dropped 2.8% to $4.12 billion in the fourth quarter of the last fiscal year from the year earlier. In the third quarter of the last fiscal year, revenue rose 1.4%.

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), SAVVIS, Inc. (NASDAQ:SVVS), Cognizant Tech. Solutions Corp. (NASDAQ:CTSH), TeleTech Holdings, Inc. (NASDAQ:TTEC), WidePoint Corporation (AMEX:WYY), Syntel, Inc. (NASDAQ:SYNT), Rackspace Hosting, Inc. (NYSE:RAX), Unisys Corporation (NYSE:UIS), and Zanett, Inc. (NASDAQ:ZANE).

Stock Price Performance: During May 10, 2011 to August 4, 2011, the stock price had fallen $11.86 (-26.5%) from $44.76 to $32.90. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 7.8% (+$4.05) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10-straight days, falling 13.3% (-$5.03) over that span. Shares are down $16.23 (-33%) year to date.

(Source: Xignite Financials)

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