Top 10 Earnings Coming Monday
We have an especially interesting list with several companies currently heavily shorted. High short interest combined with results and guidance above estimates is a perfect formula for a short squeeze. Short sellers are often considered the "smart money," but they don't always get it right and shorts can end up losing in a real hurry.
Below, I look at each one of these 10 stocks, broken into two lists: Those reporting before the open and those reporting after the close.
Reporting Before the Open
Cognizant Technology Solutions(CTSH)
Cognizant provides information technology and outsourcing services. It has a market cap of $22.34 billion.
Wall Street is expecting 79 cents a share based on earnings estimates, with a range of 78 cents to 80 cents. That's a penny above last quarter's results of 78 cents a share and an improvement of 12 cents from the same period last year.