DXC Technology Company DXCis set to report fourth-quarter fiscal 2018 results on May 24, after the market closes. The question lingering in investors’ minds is whether or not this IT services company will be able to post a positive earnings surprise in the quarter.
Notably, DXC Technology is a result of the merger between Computer Sciences Corporation (“CSC”) and Enterprise Services Division of Hewlett Packard Enterprise HPE, which was closed on Apr 1, 2017.
What the Zacks Model Unveils?
Our proven model shows that DXC Technology is likely to beat on earnings this quarter as it possesses the two key components. A stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
DXC Technology carries a Zacks Rank of 2 and has an Earnings ESP of +1.06%. You can see the complete list of today’s Zacks #1 Rank stocks here .
The Zacks Consensus Estimate for the fiscal fourth-quarter earnings is pegged at $2.20, which indicates a massive 91.3% year-over-year jump. The Zacks Consensus Estimate has remained unchanged, over the past 30 days. Additionally, analysts polled by Zacks project revenues of roughly $6.12 billion, up approximately 224% from the year-ago quarter.