Leidos Holdings, Inc. (LDOS - Free Report) is scheduled to report its third-quarter 2023 results on Oct 31 before market open.
Leidos has a four-quarter earnings surprise of 6.04%, on average. The strong revenue performance across the majority of its business segments is likely to have contributed to the overall performance of the company in the third quarter of 2023.
Defense Solution’s Performance May Remain Solid
Increased sales volumes for its valued programs, including hypersonics, are likely to have bolstered the Defense Solution’s revenue performance in the third quarter of 2023. Increased revenue contributions from the Cobham Special Mission acquisition are also likely to have aided this segment’s revenues in the third quarter.
The Zacks Consensus Estimate for the Defense Solutions segment’s revenues in the third quarter is pegged at $2,168 million, indicating growth of 4.5% from revenues reported in the year-ago quarter.
Civil’s Revenues to Remain Robust
Higher volumes on the NASA Aegis program and the increased demand for engineering support to commercial energy companies must have added impetus to Civil’s revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for the Civil segment’s revenues in the third quarter is pegged at $905.2 million, suggesting an increase of 3.6% reported in the year-ago quarter.
Health Unit to Show Strength
Higher volumes of SSA IT work and the increased demand for medical examinations are likely to have continued to lift this segment’s performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for the Health unit’s third-quarter revenues is pegged at $718.6 million, indicating an improvement of 9% from the year-ago quarter.
Q3 Estimates
The expected strong financial results in all of LDOS’ operational divisions must have aided the overall top line in the third quarter. Also, an improving business mix and program execution are likely to have contributed to its third-quarter revenue performance. The Zacks Consensus Estimate for third-quarter revenues is pegged at $3.78 billion, suggesting a rise of 4.8% from the year-ago quarter.
A strong top line, the benefits of the recovering security product business and the company’s cost-cutting initiatives are likely to have boosted Leidos' bottom line in the third quarter of 2023.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.64 per share. This calls for an improvement of 3.1% from the prior-year reported figure.
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Leidos Holdings, Inc. (LDOS - Free Report) is scheduled to report its third-quarter 2023 results on Oct 31 before market open.
Leidos has a four-quarter earnings surprise of 6.04%, on average. The strong revenue performance across the majority of its business segments is likely to have contributed to the overall performance of the company in the third quarter of 2023.
Defense Solution’s Performance May Remain Solid
Increased sales volumes for its valued programs, including hypersonics, are likely to have bolstered the Defense Solution’s revenue performance in the third quarter of 2023. Increased revenue contributions from the Cobham Special Mission acquisition are also likely to have aided this segment’s revenues in the third quarter.
The Zacks Consensus Estimate for the Defense Solutions segment’s revenues in the third quarter is pegged at $2,168 million, indicating growth of 4.5% from revenues reported in the year-ago quarter.
Civil’s Revenues to Remain Robust
Higher volumes on the NASA Aegis program and the increased demand for engineering support to commercial energy companies must have added impetus to Civil’s revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for the Civil segment’s revenues in the third quarter is pegged at $905.2 million, suggesting an increase of 3.6% reported in the year-ago quarter.
Health Unit to Show Strength
Higher volumes of SSA IT work and the increased demand for medical examinations are likely to have continued to lift this segment’s performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for the Health unit’s third-quarter revenues is pegged at $718.6 million, indicating an improvement of 9% from the year-ago quarter.
Q3 Estimates
The expected strong financial results in all of LDOS’ operational divisions must have aided the overall top line in the third quarter. Also, an improving business mix and program execution are likely to have contributed to its third-quarter revenue performance. The Zacks Consensus Estimate for third-quarter revenues is pegged at $3.78 billion, suggesting a rise of 4.8% from the year-ago quarter.
A strong top line, the benefits of the recovering security product business and the company’s cost-cutting initiatives are likely to have boosted Leidos' bottom line in the third quarter of 2023.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.64 per share. This calls for an improvement of 3.1% from the prior-year reported figure.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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