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

Thursday, September 05, 2019 8:53:15 PM

Re: None

Post# of 193
SAIC (SAIC) Surpasses Q2 Earnings Estimates

SAIC (SAIC) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 6.30%. A quarter ago, it was expected that this information technology company would post earnings of $1.21 per share when it actually produced earnings of $1.36, delivering a surprise of 12.40%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

SAIC, which belongs to the Zacks Computers - IT Services industry, posted revenues of $1.59 billion for the quarter ended July 2019, missing the Zacks Consensus Estimate by 2.79%. This compares to year-ago revenues of $1.12 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

SAIC shares have added about 40.4% since the beginning of the year versus the S&P 500's gain of 17.2%.

What's Next for SAIC?

While SAIC has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for SAIC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.49 on $1.69 billion in revenues for the coming quarter and $5.49 on $6.58 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
https://finance.yahoo.com/news/saic-saic-surpasses-q2-earnings-213509356.html

GO SAIC

"PEACE"



Recent SAIC News

FEATURED Electromedical Technologies Announces Financial and Operational Highlights for the Three and Six Months Ended June 30, 2022 Aug 18, 2022 7:12 AM

CYIOS Corp 's (OTC: CYIO) Immortals Group Forms Partnership with MARVELOUS NFT's, Developer of the Highly Acclaimed Bad Days Super-Hero Play to Earn NFT Game CYIO Aug 18, 2022 8:30 AM

GBT is seeking to develop application specific AI models for its Motion Detection Wireless technology GTCH Aug 18, 2022 8:05 AM

PSYC Appoints COO for Wholly Owned Subsidiary, Spotlight Media Corp. PSYC Aug 17, 2022 8:30 AM

ResGreen Group Adds Wireless Stacklights to its Line-Up of Industrial Automation Devices RGGI Aug 17, 2022 7:41 AM

GBT Filed a Non-Provisional Patent Application Seeking to Protect the Automatic Correction of Integrated Circuits Connectivity Mismatches GTCH Aug 16, 2022 4:56 PM

InnerScope Hearing Technologies (OTC: INND) Announces FDA Has Released The Final Rule For OTC Hearing Aids INND Aug 16, 2022 11:29 AM

FDCTech's Quarterly Release for the Second Quarter (FY22 Q2) Results FDCT Aug 16, 2022 9:42 AM

Fastbase (OTC:FBSE) Explodes Data Research Space FBSE Aug 16, 2022 9:15 AM

WaterPure International Inc (OTCMKTS: WPUR) Heating Up after Co Announces it is Exploring Multiple Merger & Acquisition Opportunities INTK Aug 16, 2022 9:00 AM

PSYC Enters MOU to Acquire Technical420, LLC for $2.25M in Accretive Transaction PSYC Aug 16, 2022 8:30 AM

Branded Legacy, Inc. Announces Removal of "Yield" Sign on OTC Markets Stock Quotes BLEG Aug 16, 2022 8:30 AM

HealthLynked Reports Second Quarter 2022 Results HLYK Aug 16, 2022 8:00 AM

XCPCNL Business Services Announces Signing of Reverse Merger Acquisition Agreements with Centiment Capital Holdings XCPL Aug 16, 2022 7:15 AM

ILUS Confirms Its Second Quarter of 2022 Results, Including a 553% Revenue Increase Over Its Previous Quarter, to $19,677,222 ILUS Aug 15, 2022 2:52 PM

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