Cognizant Expects 2024 Revenue To Be $19B-$19.8B (Est. $19.788B), Decline Of 1.8% To Growth Of 2.2% As Reported; Adjusted EPS Of $4.50-$4.68 (Est $4.62)
Portfolio Pulse from Benzinga Newsdesk
Cognizant projects its 2024 revenue to range between $19B and $19.8B, indicating a potential decline of 1.8% or a growth of up to 2.2%. The company also forecasts an adjusted EPS of $4.50 to $4.68, aligning closely with the estimated $4.62.
February 06, 2024 | 9:14 pm
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Cognizant anticipates 2024 revenue to be between $19B and $19.8B, with a potential decline or growth range, and an adjusted EPS of $4.50 to $4.68.
Cognizant's revenue and EPS projections for 2024 are closely aligned with analyst estimates, indicating a stable outlook. The forecasted range suggests a cautious but potentially positive growth trajectory. Given the close alignment with estimates, the immediate market reaction may be neutral, as the guidance does not significantly deviate from expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100