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

DXC Technology

02/11/2023 08:00

* DXC Technology Co  DXC.N  reported quarterly adjusted
earnings
of 70 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 75 cents.  The mean expectation of eleven analysts for
the quarter was for earnings of 67 cents per share. Wall Street
expected results to range from 65 cents to 75 cents per share.
    * Revenue fell 3.6% to $3.44 billion from a year ago;
analysts
expected $3.44 billion. 
    * DXC Technology Co's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $99 million.
    * DXC Technology Co shares had fallen by 2.6% this
quarter and
lost 23.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 11
"hold" and 2 "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 $23.00 
This summary was machine generated from LSEG data November 2 at
08:00 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.67           0.70           Beat
 Jun. 30 2023      0.82           0.63           Missed
 Mar. 31 2023      1.03           1.02           Missed
 Dec. 31 2022      0.83           0.95           Beat