Q2 2024 EPS Estimates for DXC Technology Reduced by Analyst (NYSE:DXC)

DXC Technology (NYSE:DXC – Free Report) – Stock analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for DXC Technology in a research note issued to investors on Wednesday, August 16th. Zacks Research analyst A. Bhagat now anticipates that the company will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.91. The consensus estimate for DXC Technology’s current full-year earnings is $3.16 per share. Zacks Research also issued estimates for DXC Technology’s Q3 2024 earnings at $0.89 EPS, Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $3.16 EPS, Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.93 EPS and Q3 2025 earnings at $0.98 EPS.

DXC Technology (NYSE:DXC – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). DXC Technology had a positive return on equity of 17.63% and a negative net margin of 4.47%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the business earned $0.75 EPS. DXC Technology’s revenue for the quarter was down 7.0% compared to the same quarter last year.

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A number of other research analysts also recently issued reports on the company. BMO Capital Markets downgraded DXC Technology from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $27.00 to $25.00 in a report on Thursday, August 3rd. Stifel Nicolaus decreased their price target on shares of DXC Technology from $30.00 to $25.00 in a research note on Friday, May 19th. TheStreet cut DXC Technology from a “b-” rating to a “c-” rating in a research report on Thursday, May 18th. Deutsche Bank Aktiengesellschaft lowered DXC Technology from a “buy” rating to a “hold” rating and decreased their target price for the stock from $35.00 to $23.00 in a research report on Thursday, August 3rd. Finally, Royal Bank of Canada lowered DXC Technology from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $34.00 to $29.00 in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.09.

View Our Latest Stock Report on DXC Technology

DXC Technology Price Performance

DXC opened at $20.25 on Monday. The stock has a market capitalization of $4.15 billion, a P/E ratio of -7.13, a PEG ratio of 1.12 and a beta of 1.94. DXC Technology has a 12-month low of $18.61 and a 12-month high of $30.27. The stock has a 50-day moving average price of $25.57 and a 200-day moving average price of $25.49. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08.

Institutional Investors Weigh In On DXC Technology

Large investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC lifted its position in DXC Technology by 5.8% in the second quarter. Orion Portfolio Solutions LLC now owns 9,199 shares of the company’s stock valued at $246,000 after buying an additional 507 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in DXC Technology during the second quarter worth $41,000. Alliancebernstein L.P. boosted its position in shares of DXC Technology by 2.0% during the second quarter. Alliancebernstein L.P. now owns 286,566 shares of the company’s stock worth $7,657,000 after buying an additional 5,521 shares during the period. Natixis Advisors L.P. raised its holdings in shares of DXC Technology by 58.5% in the 2nd quarter. Natixis Advisors L.P. now owns 212,053 shares of the company’s stock valued at $5,666,000 after buying an additional 78,297 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in DXC Technology during the 2nd quarter worth about $993,000. 91.42% of the stock is currently owned by hedge funds and other institutional investors.

About DXC Technology

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DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).