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Science Applications (SAIC) Q2 Earnings: Will it Beat?
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We expect Science Applications International Corporation (SAIC - Free Report) to beat expectations when it reports second-quarter fiscal 2017 results on Sep 8.
Why a Likely Positive Surprise?
Our proven model shows that Science Applications is likely to beat earnings because it has the right combination of two key ingredients.
Positive Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate (80 cents) and the Zacks Consensus Estimate (79 cents), stands at +1.27%. This is very meaningful and a leading indicator of a likely positive earnings surprise for shares.
Zacks Rank #3 (Hold): Note that stocks with a Zacks Rank of #1 (Strong Buy), 2 (Buy) and 3 have a significantly higher chance of beating earnings. The Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
The combination of Science Applications’ Zacks Rank #3 and +1.27% ESP makes us confident in looking for an earnings beat.
What is Driving the Better-Than-Expected Earnings?
Science Applications serves the U.S. federal, state and local government agencies as well as foreign governments. Since its inception in 1969, SAIC has utilized its domain knowledge to solve crucial problems in areas such as national security, energy, environment, critical infrastructure and health.
The company’s revenues are expected to get a major boost from the continuous contract wins. It has a huge pipeline of new projects and continues to win deals at regular intervals.
Moreover, it is noteworthy that Science Applications has surpassed the Zacks Consensus Estimate in three out of the last four quarters with an average positive surprise of 7.9%.
Here are some other companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:
eGain Corporation (EGAN - Free Report) with an Earnings ESP of +50.00% and a Zacks Rank #2
Hewlett Packard Enterprise Company (HPE - Free Report) with an Earnings ESP of +2.27% and a Zacks Rank #3
Casey's General Stores, Inc. (CASY - Free Report) with an Earnings ESP of +3.35% and a Zacks Rank #3
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Science Applications (SAIC) Q2 Earnings: Will it Beat?
We expect Science Applications International Corporation (SAIC - Free Report) to beat expectations when it reports second-quarter fiscal 2017 results on Sep 8.
Why a Likely Positive Surprise?
Our proven model shows that Science Applications is likely to beat earnings because it has the right combination of two key ingredients.
Positive Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate (80 cents) and the Zacks Consensus Estimate (79 cents), stands at +1.27%. This is very meaningful and a leading indicator of a likely positive earnings surprise for shares.
Zacks Rank #3 (Hold): Note that stocks with a Zacks Rank of #1 (Strong Buy), 2 (Buy) and 3 have a significantly higher chance of beating earnings. The Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
The combination of Science Applications’ Zacks Rank #3 and +1.27% ESP makes us confident in looking for an earnings beat.
What is Driving the Better-Than-Expected Earnings?
Science Applications serves the U.S. federal, state and local government agencies as well as foreign governments. Since its inception in 1969, SAIC has utilized its domain knowledge to solve crucial problems in areas such as national security, energy, environment, critical infrastructure and health.
The company’s revenues are expected to get a major boost from the continuous contract wins. It has a huge pipeline of new projects and continues to win deals at regular intervals.
Moreover, it is noteworthy that Science Applications has surpassed the Zacks Consensus Estimate in three out of the last four quarters with an average positive surprise of 7.9%.
SCIENCE APP INT Price and EPS Surprise
SCIENCE APP INT Price and EPS Surprise | SCIENCE APP INT Quote
Other Stocks to Consider
Here are some other companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:
eGain Corporation (EGAN - Free Report) with an Earnings ESP of +50.00% and a Zacks Rank #2
Hewlett Packard Enterprise Company (HPE - Free Report) with an Earnings ESP of +2.27% and a Zacks Rank #3
Casey's General Stores, Inc. (CASY - Free Report) with an Earnings ESP of +3.35% and a Zacks Rank #3
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>