On Jan 20, the company announced third quarter fiscal 2015 earnings of 64 cents, which was well ahead of the estimated 56 cents. However, on a GAAP basis, reported earnings came in at 49 cents compared with 50 cents in the year-ago quarter. Also, CA’s revenues of $1.091 billion decreased 3.3% from the year-ago quarter and lagged the Zacks Consensus Estimate of $1.096 billion.
The business services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CA currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same sector is Imperva Inc. (IMPV), holding a Zacks Rank #1 (Strong Buy).
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