Home > Boards > US Listed > Automotive and Transportation > Science Applications Int'l Corp (SAIC)
Followed By 69
Posts 5819
Boards Moderated 0
Alias Born 10/19/2006

Wednesday, June 05, 2019 6:12:21 AM

Re: None

Post# of 193
Can Science Applications (SAIC) Deliver a Beat in Q1 Earnings?

Science Applications International Corporation SAIC is set to report first-quarter fiscal 2020 earnings on Jun 6.

The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 18.99%.

In the last reported quarter, the company delivered earnings of $1.17 per share, which beat the Zacks Consensus Estimate of 89 cents but declined 15% year over year.

Revenues rose 6% from the year-ago quarter to $1.19 billion and also outpaced the Zacks Consensus Estimate of $1.18 billion.

For the fiscal first quarter, the Zacks Consensus Estimate for revenues is pegged at $1.61 billion, indicating a 36.84% improvement from the year-ago reported figure. For earnings, the consensus estimate stands at $1.18, suggesting a rise of 4.42% from the prior-year reported number.

Let’s see how things are shaping up prior to this announcement.

Factors to Consider

Science Applications’ upcoming quarterly results are likely to benefit from higher orders in supply chain and continued contract wins. The company’s capability to sustain its existing contracts coupled with the newly awarded ones across the customer portfolio is likely to remain a tailwind.

During the quarter under review, the company secured a $37-million and a $57-million task order as part of the Seaport-e program. Moreover, NASA awarded the company the Safety and Mission Assurance Engineering Contract II worth up to $292 million.

Further, Science Applications was awarded a position on the multiple award $535 million IT Services contract for the Defense Threat Reduction Agency.

The company’s top line is also likely to be driven by the acquisition of Engility, which yielded $98 million in the last reported quarter.

What the Model Says

The quantitative Zacks model conclusively suggests that a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has significant chances of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Science Applications currently has a Zacks Rank #3, which increases the predictive power of ESP, and an Earnings ESP of +2.82% in the combination shows that the company is likely to beat estimates this quarter to be reported.


Recent SAIC News

Green Battery Minerals Receives Assays from Drilling into Graphite Outcrops on Zone 1. Intersecting 19.5 metres of 35.52% Grade Graphite and 51.20 meters of 22.61% Grade Graphite. CZSVF Aug 12, 2022 6:07 PM

Alliance Creative Group (ACGX) Reports Revenue of $2,974,489 for Second Quarter of 2022 ACGX Aug 12, 2022 12:40 PM

Progressive Care Reports Second Quarter 2022 Results Highlighted by 4% Growth to $10.0 Million in Revenue RXMD Aug 12, 2022 10:21 AM

PJET Bullish Investment Message Garners New Investment Interest PJET Aug 12, 2022 9:53 AM

VAYK Real Estate Fintech Strategy Builds Momentum and Explores Stock Buyback VAYK Aug 12, 2022 9:46 AM

Branded Legacy, Inc. Eliminates Over 430 Thousand In Debt In 2022 BLEG Aug 12, 2022 9:15 AM

InnerScope Hearing Technologies (OTC: INND) Reports Record Revenues for a Profitable Q2 2022 INND Aug 12, 2022 8:00 AM

Pro Music Rights, Inc., one of the world's largest music licensing companies, announces that it intends to Release its Financials by August 19, 2022 NUVG Aug 11, 2022 11:11 AM

AXTG Partner with Save Planet Earth to digitize and plant 100 million trees with NFTs AXTG Aug 11, 2022 10:15 AM

PURA Announces New Development Expanding Cannabis Market Opportunity PURA Aug 11, 2022 9:34 AM

Pasithea Therapeutics Announces Results of Preclinical Study Demonstrating Tolerizing Vaccine Efficacy in Relapsing-Remitting Model of Multiple Sclerosis KTTA Aug 11, 2022 8:35 AM

SinglePoint Acquires Frontline Power Solutions, a Multi-State Licensed Energy Services Company SING Aug 11, 2022 8:30 AM

Pacific Booker Minerals Inc. Announces AGM Results and Project Update PBMLF Aug 11, 2022 7:30 AM


ResGreen Powers Up - Introduces Wireless Battery Charging for its Fleet of Mobile Robots RGGI Aug 10, 2022 10:53 AM

Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y