Cognizant (CTSH) to Report Q3 Earnings: What's in Store?

Cognizant Technology Solutions CTSH is scheduled to report third-quarter 2022 results on Nov 2.

The companys third-quarter 2022 revenues are expected between $4.98 billion and $5.03 billion, indicating growth of 7.5-8.5% on a constant-currency (cc) basis from the year-ago reported figure.

The Zacks Consensus Estimate for revenues is pegged at $5.01 billion, suggesting an increase of 5.55% from the year-ago quarters reported number.

The consensus mark for third-quarter earnings has been unchanged at $1.17 per share over the past 30 days, suggesting year-over-year growth of 10.38%.

Cognizant beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 3.79%.

Cognizant Technology Solutions Corporation Price and EPS Surprise

Cognizant Technology Solutions Corporation price-eps-surprise | Cognizant Technology Solutions Corporation Quote

Factors to Note

Cognizants third-quarter 2022 performance is expected to have benefited from significant growth in its digital business operations, which is outgrowing the BPO market, reflecting momentum in AI, AR, automation, blockchain, IoT, quantum computing and as-a-service solutions.