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CACI International (CACI) Q4 Earnings: What's in Store?
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CACI International Inc (CACI - Free Report) is scheduled to report fourth-quarter fiscal 2018 results on Aug 15.
Notably, the company beat estimates in each of the trailing four quarters, delivering an average positive surprise of 17.15%.
In the last reported quarter, the company came up with a positive earnings surprise of 29.44%. Let's see how things are shaping up for this announcement.
A healthy relationship with the Department of Defense (DoD) and exposure to expanding DoD and Department of Homeland Security budgets are key growth catalysts for CACI International.
The company has a large pipeline of new projects and continued to win multi-year contracts at regular intervals throughout the fiscal fourth quarter. Some of the most notable ones are the $50 billion contract with General Services Administration, the $920 million deal with National Geospatial-Intelligence Agency and the $407 million order to strengthen the cyber defense at the Department of Homeland Security. These are expected to help its top line.
CACI International remains focused on the federal government marketplace and eyes more market share. The company is driving operational excellence by intensively focusing on its organic and inorganic growth strategy and strengthening its existing customer relationships while building newer ones.
Notably, in June, CACI International bagged the status of Premier Consulting Partner in the Amazon Web Services Partner Network.
However, competition from major players in the industry like CGI Group, Inc., SYNNEX Corporation, ManTech International Corporation and Sapient Corporation is a concern.
Additionally, the company's continuous investment in value drivers that act as a hedge against competition is an overhang on bottom line.
What the Zacks Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
CACI International has a Zacks Rank #2 and an Earnings ESP of -0.38%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other stocks, which you may also consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Hewlett Packard Enterprise Company (HPE - Free Report) with an Earnings ESP of +3.65% and a Zacks Rank #3.
Cisco Systems (CSCO - Free Report) with an Earnings ESP of +0.07% and a Zacks Rank #3.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
CACI International (CACI) Q4 Earnings: What's in Store?
CACI International Inc (CACI - Free Report) is scheduled to report fourth-quarter fiscal 2018 results on Aug 15.
Notably, the company beat estimates in each of the trailing four quarters, delivering an average positive surprise of 17.15%.
In the last reported quarter, the company came up with a positive earnings surprise of 29.44%. Let's see how things are shaping up for this announcement.
CACI International, Inc. Price and EPS Surprise
CACI International, Inc. Price and EPS Surprise | CACI International, Inc. Quote
Factors Likely to Drive Results
A healthy relationship with the Department of Defense (DoD) and exposure to expanding DoD and Department of Homeland Security budgets are key growth catalysts for CACI International.
The company has a large pipeline of new projects and continued to win multi-year contracts at regular intervals throughout the fiscal fourth quarter. Some of the most notable ones are the $50 billion contract with General Services Administration, the $920 million deal with National Geospatial-Intelligence Agency and the $407 million order to strengthen the cyber defense at the Department of Homeland Security. These are expected to help its top line.
CACI International remains focused on the federal government marketplace and eyes more market share. The company is driving operational excellence by intensively focusing on its organic and inorganic growth strategy and strengthening its existing customer relationships while building newer ones.
Notably, in June, CACI International bagged the status of Premier Consulting Partner in the Amazon Web Services Partner Network.
However, competition from major players in the industry like CGI Group, Inc., SYNNEX Corporation, ManTech International Corporation and Sapient Corporation is a concern.
Additionally, the company's continuous investment in value drivers that act as a hedge against competition is an overhang on bottom line.
What the Zacks Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
CACI International has a Zacks Rank #2 and an Earnings ESP of -0.38%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other stocks, which you may also consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Splunk Inc. with an Earnings ESP of +6.25% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hewlett Packard Enterprise Company (HPE - Free Report) with an Earnings ESP of +3.65% and a Zacks Rank #3.
Cisco Systems (CSCO - Free Report) with an Earnings ESP of +0.07% and a Zacks Rank #3.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>