What to Expect From Computer Sciences Corporation's Earnings Report Wednesday

Aug. 8.11 | About: Computer Sciences (CSC)

Computer Sciences Corporation (NYSE:CSC) is a $5.19 billion market cap company that trades an average of 2.16 million shares per day. On average, analysts are expecting $0.7 per share, a drop of $-0.39 in earnings per share compared to last quarter's results of $1.09. The company was founded in 1959 and is based in Falls Church, Virginia.
Time Released: Before Opening Bell
Industry: Computer Services
Recent Price: $33.40
52 Week High: $56.61
52 Week Low: $32.11
Book Value: $48.58

The estimated mean earnings are $0.70 per share. Analyst estimates range between $0.66 and $0.74 per share. Price protection may be bought for $2.50 to get the front month $35 put option. Not surprisingly, there is considerable open interest in the $35 strike call options. With the recent price falling, the $40 strike and the $35 strike would apper to be the logical price magnets due to the open interest.
Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $16.04 billion for 2010 vs. $15.92 billion for 2009. The bottom line has falling earnings year-over-year of $740.00 million for 2010 vs. $817.00 million for 2009.
Annually, revenue is growing at a rate of 0.76%.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 4.22 b $ 4.20B $ -14.92M -0.35%
Dec-10 $ 4.16 b $ 4.01B $ -152.55M -3.67%
Sep-10 $ 4.00 b $ 3.98B $ -29.99M -0.75%
Jun-10 $ 4.07 b $ 3.94B $ -126.58M -3.11%
Mar-10 $ 4.32 b $ 4.24B $ -83.76M -1.94%
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M = millions, B = billions
Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 1.11 1.09 -0.02 -1.8%
Dec-10 1.48 1.54 0.06 4.05%
Sep-10 1.17 1.18 0.01 0.85%
Jun-10 0.90 0.91 0.01 1.11%
Mar-10 1.48 1.66 0.18 12.16%
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(Some onetime items are often excluded in reported EPS)

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest. I also often include some that are not "confirmed" but are "Proposed" for the same day. The numbers are only as good as the sources. Many of the ADRs that are relatively new provide a special challenge that can be very time consuming to figure out the "best" number. Chinese ADRs that are new seem to be especially prone to conflicts with Reuters, EDGAR Online, and other sources. Not everyone puts companies into the same sector. I use Reuters as my primary guide to keep it consistent.