(CA) CA, Inc. – 11 of the 12 analysts polled raised forecasts for the year

August 6th, 2009

CA, Inc. (CA) shares are surging after its latest quarterly report and updated guidance.

Company Description

Computer Associates is a global IT company that offers hardware, software, and services to complex IT environments to businesses. The company works with governance, management, and security issues regarding its clients’ IT needs.

Another Surprise

On Jul 23 the company reported first-quarter results for fiscal 2010 that included increasing revenue, earnings, and guidance. Revenue grew 4% on a constant currency basis. Net income was $229 million, up 14% excluding currency fluctuation.

Earnings per share were 42 cents, up from 40 cents last year. This topped the Zacks consensus estimate of 38 cents. The announcement marked the fifth consecutive earnings surprise.

Company management expects earnings growth between 6% and 13% for the year.

Analysts Love It

Following the report, 11 of the 12 analysts polled by Zacks raised forecasts for the year. Estimates are now averaging $1.67, up 10 cents since the report.

The Zacks consensus estimate for next year is now $1.83, up from $1.71. These projections are calling for a 10.5% growth rate this year and another 9.5% next year.

The Chart

Shares surged following the report, breaking out of a long-term trading range. Take a look at the chart below.


Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
12 Shocking Facts about the Bakken (Wealth Daily, 1/27/12)
Prieur’s Readings (Jan 12, 2012) (Investment Postcards from Cape Town, 1/11/12)
Prieur’s Readings (Jan 11, 2012) (Investment Postcards from Cape Town, 1/11/12)
Monthly Membership Option is Now Available (Value Stock Guide, 1/14/12)
Read more on CA, Henders Land Dev, Hang Seng BK at Wikinvest

Related Posts:

  1. (MWIV) MWI Veterinary Supply Inc. – Both analysts polled by raised current year estimatesMWI Veterinary Supply Inc. (MWIV) topped the Zacks consensus estimate and exceeded the company’s own...
  2. (AGP) Amerigroup Corporation – covering analysts have raised 2008 full-year estimates in the last 30 daysAmerigroup Corporation (AGP) saw revenue grow 8.8% in the third quarter 2008 as the managed...
  3. (FLR) – Fluor – Eight out of 11 covering analysts raised full-year 2008 earnings estimatesFluor Corporation (FLR) saw analysts raise full-year 2008 earnings estimates from the two months-ago level...
  4. (FLR) – Fluor – Eight out of 11 covering analysts raised full-year 2008 earnings estimatesFluor Corporation (FLR) saw analysts raise full-year 2008 earnings estimates from the two months-ago level...
  5. (FLR) – Fluor – Eight out of 11 covering analysts raised full-year 2008 earnings estimatesFluor Corporation (FLR) saw analysts raise full-year 2008 earnings estimates from the two months-ago level...
  6. (GPOR) – Gulfport Energy – In just the last 7 days, 2 out of 4 covering analysts raised full year estimatesGulfport Energy had the profitable combination of rising production and higher crude and natural gas...


Search Posts by Tag: | | Application Software | Technology

RSS Feeds by Tag: CA | Ca Incorporated | Application Software | Technology |

Other Posts by: | RSS Feed for this author