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Leidos (LDOS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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Leidos (LDOS - Free Report) reported $3.98 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 7.5%. EPS of $2.29 for the same period compares to $1.47 a year ago.
The reported revenue represents a surprise of +4.68% over the Zacks Consensus Estimate of $3.8 billion. With the consensus EPS estimate being $1.65, the EPS surprise was +38.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Leidos performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- National Security and Digital: $1.79 billion compared to the $1.79 billion average estimate based on three analysts.
Revenues- Defense Systems: $474 million compared to the $440.37 million average estimate based on three analysts.
Revenues- Commercial & International: $509 million versus the three-analyst average estimate of $497.33 million.
Revenues- Health & Civil: $1.20 billion compared to the $1.06 billion average estimate based on three analysts.
Non-GAAP operating income (loss)- Health & Civil: $228 million versus $144.57 million estimated by three analysts on average.
Non-GAAP operating income (loss)- National Security and Digital: $181 million versus the three-analyst average estimate of $160.87 million.
Non-GAAP operating income (loss)- Defense Systems: $38 million compared to the $33.63 million average estimate based on three analysts.
Non-GAAP operating income (loss)- Commercial & International: $42 million versus $40.19 million estimated by three analysts on average.
Operating Income- Non-GAAP- Corporate: -$33 million versus -$36.79 million estimated by two analysts on average.
Shares of Leidos have returned +0.9% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Leidos (LDOS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Leidos (LDOS - Free Report) reported $3.98 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 7.5%. EPS of $2.29 for the same period compares to $1.47 a year ago.
The reported revenue represents a surprise of +4.68% over the Zacks Consensus Estimate of $3.8 billion. With the consensus EPS estimate being $1.65, the EPS surprise was +38.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Leidos performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- National Security and Digital: $1.79 billion compared to the $1.79 billion average estimate based on three analysts.
- Revenues- Defense Systems: $474 million compared to the $440.37 million average estimate based on three analysts.
- Revenues- Commercial & International: $509 million versus the three-analyst average estimate of $497.33 million.
- Revenues- Health & Civil: $1.20 billion compared to the $1.06 billion average estimate based on three analysts.
- Non-GAAP operating income (loss)- Health & Civil: $228 million versus $144.57 million estimated by three analysts on average.
- Non-GAAP operating income (loss)- National Security and Digital: $181 million versus the three-analyst average estimate of $160.87 million.
- Non-GAAP operating income (loss)- Defense Systems: $38 million compared to the $33.63 million average estimate based on three analysts.
- Non-GAAP operating income (loss)- Commercial & International: $42 million versus $40.19 million estimated by three analysts on average.
- Operating Income- Non-GAAP- Corporate: -$33 million versus -$36.79 million estimated by two analysts on average.
View all Key Company Metrics for Leidos here>>>Shares of Leidos have returned +0.9% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.