Earnings Preview: Akamai And Computer Sciences Report Results Wednesday

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 |  Includes: AKAM, CSC
by: Robert Weinstein

Akamai Technologies, Inc. (NASDAQ:AKAM) is scheduled to release last fiscal quarter's results after the closing bell on February 8, 2012. Let's take a look at how Akamai Technologies has done in recent quarters. Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts. Akamai Technologies trades an average of 3.5 million shares per day and has a market cap of $5.7 Billion.

52 Week High: $49.38
52 Week Low: $18.25
Book Value: $11.82
Float Short: 4.69%

Analysts are expecting an improvement of $0.06 in earnings per share compared to last quarter's results of $0.34. Investors will be looking to see a number north of $0.40 per share based on the earnings estimates.
The current trailing twelve months P/E ratio is 28.6. The forward P/E ratio is 24.78. In the last month, the stock has decreased in price -0.31%, with a change from a year ago of -32.73%. When comparing to the S&P 500, the year to date difference is -4.98%.

Revenue year-over-year has increased to $1.02 billion for 2010 vs. $859.77 million for 2009. The bottom line has rising earnings year-over-year of $171.22 million for 2010 vs. $145.91 million for 2009. The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $254.28 million for 2010 vs. $223.48 million for 2009.

The chart of revenue is impressive and the stock price has moved off the lows in October, including a strong technical break above the 200 day moving average before the new year. It would appear 2012 may hold a lot more promise than 2011 delivered for investors.

Here is a look at the fiscal year revenue:

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Here is the last few quarters to get an idea how well they perform compared to estimates:
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Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for AKAM:

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The number of days to cover short interest based on average daily trading volume for AKAM:

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Computer Sciences Corporation (NYSE:CSC) is scheduled to release last fiscal quarter's results before the opening bell on February 8, 2012.

Computer Sciences Corporation provides information technology and professional services to governments and commercial enterprises. The company was founded in 1959 and is based in Falls Church, Virginia. Computer Sciences trades an average of 1.6 million shares per day and has a marketcap of $4.2 Billion.

52 Week High: $56.61
52 Week Low: $22.80
Book Value: $30.18
Float Short: 5.26%

On average, 12 analysts are expecting a drop of $-0.28 in earnings per share compared to last quarter's results of $0.85. A beat of $0.57 per share will top the estimated mean earnings. Analyst estimates range between $0.46 and $0.64 per share.

From a month ago, the stock has increased in price 12.13%, and changing from last year at this time -50.07%. Obviously 2011 wasn't a good year for CSC, but the price appreciattion so far this year helps. As I write this, CSC is trading at the highs so far this year and broke through the 90 day moving average a few days ago.

The stock has also done well as compared to the overall market so far this year. When comparing to the S&P 500, the year to date difference is 9.13%.

For the same fiscal period year-over-year, revenue has improved to $16.04 billion for 2011 vs. $15.92 billion for 2010. The bottom line has falling earnings year-over-year of $759.00 million for 2011 vs. $834.00 million for 2010. The company's earnings before interest and taxes are falling, with an EBIT year-over-year of $1.08 billion for 2011 vs. $1.23 billion for 2010.

Here is a look at the fiscal year revenue:

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Here is the last few quarters to get an idea how well they perform compared to estimates:

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Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for CSC:

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The number of days to cover short interest based on average daily trading volume for CSC:

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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, 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.

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