$0.85 EPS Expected for DXC Technology Company (DXC) This Quarter

Brokerages expect that DXC Technology Company (NYSE:DXC) will post earnings of $0.85 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for DXC Technology Company’s earnings, with estimates ranging from $0.81 to $0.97. DXC Technology Company reported earnings per share of $0.73 during the same quarter last year, which suggests a positive year over year growth rate of 16.4%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 23rd.

According to Zacks, analysts expect that DXC Technology Company will report full year earnings of $2.78 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.82. For the next year, analysts anticipate that the business will post earnings of $6.70 per share, with EPS estimates ranging from $6.51 to $6.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for DXC Technology Company.

DXC has been the subject of a number of research analyst reports. Goldman Sachs Group Inc initiated coverage on shares of DXC Technology Company in a report on Monday, March 27th. They set a “buy” rating and a $84.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of DXC Technology Company in a report on Tuesday, April 4th. They set an “outperform” rating and a $87.00 price objective for the company. Morgan Stanley raised shares of DXC Technology Company from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $68.00 to $85.00 in a report on Thursday, April 6th. Zacks Investment Research raised shares of DXC Technology Company from a “hold” rating to a “strong-buy” rating and set a $87.00 price objective for the company in a report on Monday. Finally, Citigroup Inc reaffirmed a “buy” rating on shares of DXC Technology Company in a report on Monday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. DXC Technology Company has a consensus rating of “Buy” and an average target price of $85.75.

Shares of DXC Technology Company (NYSE:DXC) traded up 0.50% during mid-day trading on Monday, reaching $76.51. 2,960,952 shares of the company’s stock were exchanged. The stock’s market cap is $21664.88 billion. DXC Technology Company has a one year low of $32.51 and a one year high of $77.34. The company has a 50 day moving average price of $69.73 and a 200-day moving average price of $62.32.

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