Cognizant Sees FY24 Adj. EPS $4.62-$4.70 Vs $4.95 Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognizant has revised its FY24 adjusted EPS guidance to $4.62-$4.70, which is below the previous estimate of $4.95.
July 31, 2024 | 8:14 pm
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Cognizant has lowered its FY24 adjusted EPS guidance to $4.62-$4.70, which is below the previous estimate of $4.95. This revision may indicate potential challenges in the company's financial performance.
The downward revision of EPS guidance suggests that Cognizant may be facing financial challenges or lower-than-expected performance. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100