Computer Sciences Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Computer Sciences Corp (NYSE:CSC) will unveil its latest earnings on Thursday, May 17, 2012. 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 analyst estimate is for net income of 20 cents per share, a decline of 80.2% from the company’s actual earnings for the year-ago quarter. 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 77 cents during the last month. Analysts are projecting profit to rise by 20.6% compared to last year’s $3.58.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 78 cents, reporting profit of $1.35 per share against a mean estimate of net income of 57 cents. In the second quarter, the company exceeded forecasts by 26 cents with profit of 94 cents versus a mean estimate of net income of 68 cents.

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Wall St. Revenue Expectations: On average, analysts predict $4.1 billion in revenue this quarter, a decline of 2.4% from the year-ago quarter. Analysts are forecasting total revenue of $15.97 billion for the year, a decline of 0.4% from last year’s revenue of $16.04 billion.

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

A Look Back: In the third quarter, the company swung to a loss of $1.39 billion ($8.96 a share) from a profit of $242 million ($1.54) a year earlier, but beat analyst expectations. Revenue fell 6.1% to $3.76 billion from $4.01 billion.

Key Stats:

Revenue has slipped in the last two quarters. In the second quarter, the figure fell 0.2%.

Stock Price Performance: Between February 15, 2012 and May 11, 2012, the stock price fell $5.64 (-17.2%), from $32.75 to $27.11. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 23, 2012, when shares rose for six straight days, increasing 8.9% (+$2.13) 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, dropping 13.3% (-$4.93) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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