CSRA (CSRA) To Report Q4 Earnings: What's In The Cards?
Zacks Investment Research | May 18, 2017 09:16PM ET
CSRA Inc. (NYSE:CSRA) is set to report fourth-quarter fiscal 2017 results on May 24. Notably, the company’s earnings have beaten the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 10.27%.
Last quarter, the company reported a positive earnings surprise of 6.67%. However, non-GAAP earnings of 48 cents per share remained flat on a year-over-year basis.
Further, revenues decreased 4% from the year-ago quarter to $1.22 billion, lagging the Zacks Consensus Estimate of $1.23 billion.
We note that the share price has remained under pressure due to the weak results. CSRA shares have underperformed the S&P 500 Market on a year-to-date basis. While the stock has lost 10%, the index gained 5.5%.
Factors to Consider
CSRA is the largest pure play government IT service provider. Almost 90% of the company’s revenues come from sales to the U.S. federal government either as a prime contractor or subcontractor.
CSRA Inc. Price and EPS Surprise
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