What's in the Offing for Cognizant (CTSH) in Q1 Earnings?

Cognizant Technology Solutions Corp CTSHis set to report first-quarter 2018 results on May 7. In the trailing four quarters, the company’s earnings have beaten the Zacks Consensus Estimate on three occasions, delivering an average positive surprise of 3.17%.

In the last reported quarter, Cognizant delivered a positive earnings surprise of 6.

19%. Revenues of $3.83 billion were in line with the Zacks Consensus Estimate and increased 10.6% year over year driven by growth in all the four domains.

For first-quarter 2018, Cognizant expects revenues in the range of $3.88-$3.92 billion. Non-GAAP earnings are expected to be at least $1.04 per share.

The Zacks Consensus Estimate for first-quarter earnings has remained steady at $1.05 over the last seven days, reflecting year-over-year growth of 25%. The consensus mark for revenues currently stands at $3.90 billion, reflecting year-over-year growth of almost 10%.