In the past 30 days, 11 analysts have raised their earnings estimates for this defense technology company.
Leidos Holdings, Inc. (LDOS)
From Dow Theory Forecasts
Leidos Holdings, Inc. (LDOS) earned $1.36 per share excluding special items in the September quarter, up 19% and $0.17 above the consensus. Revenue grew 10% to $2.84 billion on growth across all three segments.
The backlog stands at $23.93 billion, up 15% since the end of 2018. Leidos raised its full-year outlook for per-share profits, sales, and cash from operations. At its midpoint, the new profit-guidance range implies December-quarter earnings of $1.35 per share, good for 23% growth and above the consensus of $1.22 per share. Quarterly revenue is projected to climb 9%, in line with the consensus.
Leidos shares surged on the report and a Focus List Buy and a Long-Term Buy.
Richard Moroney, CFA, Dow Theory Forecasts, www.dowtheory.com, 800-233-5922, November 4, 2019