Leidos (LDOS - Free Report) reported $3.98 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.7%. EPS of $1.99 for the same period compares to $1.83 a year ago.
The reported revenue represents a surprise of +4.99% over the Zacks Consensus Estimate of $3.79 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +15.03%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Defense Solutions: $2.21 billion versus $2.16 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
- Revenues- Health: $807 million versus the three-analyst average estimate of $716.82 million. The reported number represents a year-over-year change of +16.8%.
- Revenues- Civil: $961 million versus the three-analyst average estimate of $936.27 million. The reported number represents a year-over-year change of +2.5%.
- Operating Income- Non-GAAP- Defense Solutions: $198 million versus the three-analyst average estimate of $184.59 million.
- Operating Income- Non-GAAP- Health: $153 million versus $123.64 million estimated by three analysts on average.
- Operating Income- Non-GAAP- Civil: $104 million versus $94.69 million estimated by three analysts on average.
- Operating Income- Non-GAAP- Corporate: -$35 million compared to the -$11.66 million average estimate based on two analysts.
- Operating Income- Health: $147 million versus $115.78 million estimated by two analysts on average.
- Operating Income- Civil: $90 million versus -$11.72 million estimated by two analysts on average.
- Operating Income- Defense Solutions: $167 million versus the two-analyst average estimate of $152.86 million.
View all Key Company Metrics for Leidos here>>>Shares of Leidos have returned +4% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Leidos (LDOS - Free Report) reported $3.98 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.7%. EPS of $1.99 for the same period compares to $1.83 a year ago.
The reported revenue represents a surprise of +4.99% over the Zacks Consensus Estimate of $3.79 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +15.03%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Defense Solutions: $2.21 billion versus $2.16 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
- Revenues- Health: $807 million versus the three-analyst average estimate of $716.82 million. The reported number represents a year-over-year change of +16.8%.
- Revenues- Civil: $961 million versus the three-analyst average estimate of $936.27 million. The reported number represents a year-over-year change of +2.5%.
- Operating Income- Non-GAAP- Defense Solutions: $198 million versus the three-analyst average estimate of $184.59 million.
- Operating Income- Non-GAAP- Health: $153 million versus $123.64 million estimated by three analysts on average.
- Operating Income- Non-GAAP- Civil: $104 million versus $94.69 million estimated by three analysts on average.
- Operating Income- Non-GAAP- Corporate: -$35 million compared to the -$11.66 million average estimate based on two analysts.
- Operating Income- Health: $147 million versus $115.78 million estimated by two analysts on average.
- Operating Income- Civil: $90 million versus -$11.72 million estimated by two analysts on average.
- Operating Income- Defense Solutions: $167 million versus the two-analyst average estimate of $152.86 million.
View all Key Company Metrics for Leidos here>>>Shares of Leidos have returned +4% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Get the latest research report on LDOS - FREE