Cognizant Technology Solutions Corporation(CTSH)Earnings Date, History & Expected Move

NASDAQ

Over the last 12 quarters with a usable EPS surprise, CTSH beat the consensus estimate 11 times (92%), missed 1 and landed in line 0.

Across its last 12 quarters with a measured reaction, CTSH moved an average of ±2.9% in the first session after reporting. It closed higher 67% of the time; the largest gain was 11.3% and the largest drop -2.4%.

Options currently price a move of about ±8.5% (nearest at-the-money straddle that expires after the report). It measures the size of the expected move, not its direction. That is 2.91x its average historical move of ±2.9%, so options look expensive relative to history.

CTSH fell in the first session after 4 of its last 11 EPS beats (36%). A beat that was already priced in, or weaker guidance, can send a stock lower. In 1 of the 4 of those falls where price data is available, the stock had already risen before the report.

Across its last 12 quarters with price data, CTSH moved an average of +1.0% in the 20 trading sessions before reporting and was higher in 42% of them. After a run-up of 3% or more (4 quarters), it fell the next day 25% of the time, averaging +3.8%. After a drop of 3% or more (7 quarters), it rose the next day 57% of the time, averaging +0.2%. This describes past reports; it is not a forecast.

In 10 reports CTSH opened at least 1% away from the previous close. It gave back half or more of that gap by the close 6 of 10 times (60%), and fully reversed once. A fade means the opening move was partly undone during the first session.