DXC Technology Co reports results for the quarter ended in December - Earnings Summary

DXC Technology

01/02/2024 22:40

* DXC Technology Co  DXC.N  reported quarterly adjusted
earnings
of 87 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 95 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 77 cents per share. Wall Street
expected results to range from 74 cents to 80 cents per share.
    * Revenue fell 4.7% to $3.40 billion from a year ago;
analysts
expected $3.36 billion. 
    * The company reported quarterly net income of $156 million.
    * DXC Technology Co shares had fallen by 4.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and 4 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for DXC
Technology Co
is $23.00 

This summary was machine generated from LSEG data February 1 at
10:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.77           0.87           Beat
 Sep. 30 2023      0.67           0.70           Beat
 Jun. 30 2023      0.82           0.63           Missed
 Mar. 31 2023      1.03           1.02           Missed