Computer Sciences Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Computer Sciences Corp (NYSE:CSC) will unveil its latest earnings on Wednesday, November 9, 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 profit of 67 cents per share, a decline of 43.2% 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 99 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 68 cents during the last month. Analysts are projecting profit to rise by 2.9% versus last year to $4.38.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 6 cents as a result of reporting net income of 64 cents against an estimate of profit of 70 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 27 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 1.3% in revenue from the year-earlier quarter to $4.03 billion.

Analyst Ratings: Analysts seem relatively indifferent about Computer with 10 of 12 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit rose 28% to $183 million ($1.17 a share) from $143 million (91 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 2.3% to $4.03 billion from $3.94 billion.

Key Stats:

The increase in profit in the first quarter came after net income fell in the previous quarter. In the fourth quarter of the last fiscal year, net income fell 34%.

Revenue rose in the first quarter after seeing a drop the quarter before. In the fourth quarter of the last fiscal year, revenue fell 2.8%.

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 August 10, 2011 to November 3, 2011, the stock price had risen $4.35 (15.5%) from $28.05 to $32.40. 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% (+$4.02) 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) over that span. Shares are down $16.40 (-33.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.