Wednesday, June 05, 2019 6:12:21 AM
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.
https://finance.yahoo.com/news/science-applications-saic-deliver-beat-153403960.html
GO SAIC
"PEACE"
Recent SAIC News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:02:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:02:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/05/2024 08:14:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 08:06:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 10:55:25 AM
- U.S. Navy Awards SAIC Three Contracts for Engineering Services • Business Wire • 08/15/2024 12:05:00 PM
- U.S. Navy Awards SAIC $120 Million Contract for Tactical Training War Game Support • Business Wire • 08/13/2024 12:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/15/2024 09:15:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 08:03:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/03/2024 08:00:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/24/2024 08:21:52 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/20/2024 08:05:46 PM
- SAIC Announces First Quarter of Fiscal Year 2025 Results • Business Wire • 06/03/2024 11:03:00 AM
- SAIC Board of Directors Declares Cash Dividend • Business Wire • 05/31/2024 12:10:00 PM
- SAIC Employees Embrace Generative AI with the Launch of Tenjin GPT • Business Wire • 05/30/2024 12:05:00 PM
- SAIC Schedules First Quarter Fiscal Year 2025 Earnings Conference Call for June 3 at 10 A.M. ET • Business Wire • 05/22/2024 12:05:00 PM
- SAIC Awarded $232 Million U.S. Army Contract for Systems Engineering and IT Modernization Services • Business Wire • 05/09/2024 12:05:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 08:02:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/30/2024 08:07:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/30/2024 08:07:19 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 04/24/2024 08:08:11 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 04/24/2024 08:06:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/15/2024 08:03:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/15/2024 08:03:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/15/2024 08:03:03 PM
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