Government IT services provider Science Applications International Corporation (NASDAQ:SAIC) will be reporting results tomorrow before the bell. Here’s what investors should know.
SAIC beat analysts’ revenue expectations by 2.2% last quarter, reporting revenues of $1.98 billion, up 4.3% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ full-year EPS guidance estimates.
Is SAIC a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting SAIC’s revenue to grow 4.3% year on year to $1.81 billion, a reversal from the 11.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.09 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SAIC has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.9% on average.
Looking at SAIC’s peers in the government & technical consulting segment, some have already reported their Q4 results, giving us a hint as to what we can expect. UL Solutions delivered year-on-year revenue growth of 8%, beating analysts’ expectations by 1.9%, and NV5 Global reported revenues up 14.7%, topping estimates by 1.6%. UL Solutions traded down 4.5% following the results while NV5 Global was up 1.8%.
Read our full analysis of UL Solutions’s results here and NV5 Global’s results here.
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