Cognizant Tech Solns (NASDAQ:CTSH) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings
Cognizant Tech Solns beat estimated earnings by 3.85%, reporting an EPS of $1.08 versus an estimate of $1.04.
Revenue was up $425.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 2.47% drop in the share price the next day.
Here's a look at Cognizant Tech Solns's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.04 | 1.04 | 0.96 | 0.94 |
| EPS Actual | 1.10 | 1.06 | 0.99 | 0.97 |
| Revenue Estimate | 4.78B | 4.71B | 4.44B | 4.37B |
| Revenue Actual | 4.78B | 4.74B | 4.58B | 4.40B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Cognizant Tech Solns management provided guidance for FY 2022, expecting earnings between $4.45 and $4.55 per share.
To track all earnings releases for Cognizant Tech Solns visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
