Managed services News
DXC Earnings Preview: 4 Big Things To Focus On
Joseph F. Kovar
DXC Technology is a major player in the global IT services market and as it is set to report its financial earnings Wednesday, all eyes will be on the lookout for signs of growth.
Can DXC Beat Consensus?
DXC provided guidance for third fiscal quarter 2023 revenue of between $3.55 billion and $3.58 billion, while Zacks Investment Research’s consensus estimate for the quarter is $3.58 billion, which would represent a decline over revenue for third fiscal quarter 2022 of 12.5 percent. However, the analyst revenue consensus according to Earnings Whispers for the quarter is $3.67 billion.
The non-GAAP earnings per share consensus, according to Zacks, is 84 cents per share, which would be down 8.7 percent over last year. DXC itself is expecting earnings between 80 cents and 85 cents per share.
On the earnings side, in the previous four quarters, DXC’s earnings exceeded analyst expectations once, matched once and missed twice, Zacks said.