Cognizant Sees Q3 2024 Revenue $4.89B-$4.96B Vs $4.8B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognizant has provided its Q3 2024 revenue guidance of $4.89B-$4.96B, slightly above the $4.8B estimate. Full-year 2024 revenue is expected to be $19.3B-$19.5B, with an adjusted operating margin of 15.3%-15.5% and adjusted EPS of $4.62-$4.70.
July 31, 2024 | 8:13 pm
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Cognizant's Q3 2024 revenue guidance of $4.89B-$4.96B is slightly above the $4.8B estimate, indicating potential stability or slight growth. Full-year 2024 revenue is expected to be $19.3B-$19.5B, with an adjusted operating margin of 15.3%-15.5% and adjusted EPS of $4.62-$4.70.
The revenue guidance for Q3 2024 is slightly above the market estimate, which could positively impact the stock price in the short term. The full-year guidance also shows potential for slight growth, with stable margins and EPS, further supporting a positive outlook.
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