Cognizant Income Tax Expense from 2010 to 2024

CTSH Stock  USD 67.44  0.31  0.46%   
Cognizant Technology's Income Tax Expense is increasing with slightly volatile movements from year to year. Income Tax Expense is predicted to flatten to about 369.8 M. For the period between 2010 and 2024, Cognizant Technology, Income Tax Expense quarterly trend regression had mean deviation of  202,870,995 and range of 1.1 B. View All Fundamentals
 
Income Tax Expense  
First Reported
1998-03-31
Previous Quarter
191 M
Current Value
195 M
Quarterly Volatility
100.1 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Cognizant Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cognizant main balance sheet or income statement drivers, such as Depreciation And Amortization of 260.9 M, Interest Expense of 43 M or Selling General Administrative of 3.5 B, as well as many exotic indicators such as Price To Sales Ratio of 1.87, Dividend Yield of 0.0174 or PTB Ratio of 2.74. Cognizant financial statements analysis is a perfect complement when working with Cognizant Technology Valuation or Volatility modules.
  
This module can also supplement Cognizant Technology's financial leverage analysis and stock options assessment as well as various Cognizant Technology Technical models . Check out the analysis of Cognizant Technology Correlation against competitors.

Latest Cognizant Technology's Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Cognizant Technology Solutions over the last few years. It is Cognizant Technology's Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cognizant Technology's overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Cognizant Income Tax Expense Regression Statistics

Arithmetic Mean571,558,442
Geometric Mean409,440,231
Coefficient Of Variation46.80
Mean Deviation202,870,995
Median643,000,000
Standard Deviation267,514,836
Sample Variance71564.2T
Range1.1B
R-Value0.51
Mean Square Error57136.2T
R-Squared0.26
Significance0.05
Slope30,421,316
Total Sum of Squares1001898.6T

Cognizant Income Tax Expense History

2024369.8 M
2023668 M
2022730 M
2021693 M
2020704 M
2019643 M
2018698 M

About Cognizant Technology Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Cognizant Technology income statement, its balance sheet, and the statement of cash flows. Cognizant Technology investors use historical funamental indicators, such as Cognizant Technology's Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Cognizant Technology investors may use each financial statement separately, they are all related. The changes in Cognizant Technology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cognizant Technology's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cognizant Technology Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cognizant Technology. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Income Tax Expense668 M369.8 M

Pair Trading with Cognizant Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cognizant Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cognizant Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cognizant Stock

  0.88G Genpact Limited Financial Report 8th of May 2024 PairCorr
  0.84DMRC DigimarcPairCorr

Moving against Cognizant Stock

  0.62FIS Fidelity National Financial Report 25th of April 2024 PairCorr
  0.47DTST Data Storage CorpPairCorr
  0.43FI Fiserv Inc Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Cognizant Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cognizant Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cognizant Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cognizant Technology Solutions to buy it.
The correlation of Cognizant Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cognizant Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognizant Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cognizant Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cognizant Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cognizant Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cognizant Technology Solutions Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cognizant Technology Solutions Stock:
Check out the analysis of Cognizant Technology Correlation against competitors.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Cognizant Stock analysis

When running Cognizant Technology's price analysis, check to measure Cognizant Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cognizant Technology is operating at the current time. Most of Cognizant Technology's value examination focuses on studying past and present price action to predict the probability of Cognizant Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognizant Technology's price. Additionally, you may evaluate how the addition of Cognizant Technology to your portfolios can decrease your overall portfolio volatility.
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Is Cognizant Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cognizant Technology. If investors know Cognizant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cognizant Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.107
Dividend Share
1.17
Earnings Share
4.21
Revenue Per Share
38.323
Quarterly Revenue Growth
(0.02)
The market value of Cognizant Technology is measured differently than its book value, which is the value of Cognizant that is recorded on the company's balance sheet. Investors also form their own opinion of Cognizant Technology's value that differs from its market value or its book value, called intrinsic value, which is Cognizant Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cognizant Technology's market value can be influenced by many factors that don't directly affect Cognizant Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cognizant Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognizant Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognizant Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.