Cognizant (CTSH) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Cognizant reported revenue of $5.04 billion for the quarter ended September 2024, reflecting a 3% increase year-over-year and a surprise of +0.82% over the Zacks Consensus Estimate of $5 billion [1] - Earnings per share (EPS) for the quarter was $1.25, compared to $1.16 in the same quarter last year, resulting in an EPS surprise of +9.65% against the consensus estimate of $1.14 [1] Revenue Performance by Segment - Financial Services revenue was $1.49 billion, matching the two-analyst average estimate, with a year-over-year change of +0.8% [3] - Communications, Media and Technology revenue was $816 million, below the average estimate of $843 million, representing a year-over-year decline of -3.7% [3] - Products and Resources revenue reached $1.23 billion, exceeding the average estimate of $1.21 billion, with a year-over-year increase of +5% [3] - Health Sciences revenue was $1.51 billion, surpassing the estimated $1.46 billion, showing a year-over-year growth of +7.8% [3] Stock Performance - Cognizant's shares have returned -0.8% over the past month, while the Zacks S&P 500 composite has increased by +1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]