DXC Technology slips after lowering FY profit forecast, brokerages cut PT

DXC Technology

15/05/2025 16:45

** Shares of IT services firm DXC Technology DXC.N slide 5.1% to $15.71 after co lowers FY 2026 profit forecast

** Co forecasts FY 2026 adj. EPS between $2.75 and $3.25 vs previous outlook of $3.35 per share

** Co expects annual revenue in range of $3.04 bln to $3.09 bln, lower than analysts' estimate of $3.11 bln - data compiled by LSEG

** At least three brokerages cut PT, including Morgan Stanley

** BMO says co's restructuring and improved growth remain "a work in progress"

** Stifel says co faces risks including general macroeconomics, acquisition integration, client migration and foreign exchange exposure

** Eight out of 10 analysts rate stock as "hold", two rate it "sell" or lower; median PT is $22

** Including session's losses, DXC down 21.4% YTD vs Dow Jones US Technology Sector index .DJUSTC decline of 1.3%

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))