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

DXC Technology

09/08/2024 03:00

* DXC Technology Co  DXC.N  reported quarterly adjusted
earnings
of 74 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 63 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 58 cents per share. Wall Street
expected results to range from 56 cents to 59 cents per share.
    * Revenue fell 6.1% to $3.24 billion from a year ago;
analysts
expected $3.14 billion. 
    * DXC Technology Co's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of $26 million.
    * DXC Technology Co shares had fallen by 6.1% this
quarter and
lost 21.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 10
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for DXC Technology Co
is $18.00 
This summary was machine generated from LSEG data August 9 at
01:59 a.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
 Jun. 30 2024      0.58           0.74           Beat
 Mar. 31 2024      0.83           0.97           Beat
 Dec. 31 2023      0.77           0.87           Beat
 Sep. 30 2023      0.67           0.70           Beat