DXC Technology Company. (DXC) Surpasses Q1 Earnings and Revenue Estimates

Core Viewpoint - DXC Technology Company reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and showing an increase from $0.63 per share a year ago, representing an earnings surprise of 29.82% [1][2] Financial Performance - The company posted revenues of $3.24 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.91%, although this is a decrease from $3.45 billion in the same quarter last year [2] - Over the last four quarters, DXC Technology has exceeded consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - DXC Technology shares have declined approximately 21.6% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $3.18 billion, and for the current fiscal year, it is $2.73 on revenues of $12.79 billion [7] Industry Outlook - The Computers - IT Services industry, to which DXC Technology belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of DXC Technology's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]