We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in the Offing for CACI International (CACI) Q2 Earnings?
Read MoreHide Full Article
CACI International (CACI - Free Report) is set to report second-quarter fiscal 2021 results on Jan 27.
The Zacks Consensus Estimate for fiscal second-quarter revenues is currently pegged at $1.50 billion, which indicates 7.3% growth from the year-ago quarter. Moreover, the consensus estimate for non-GAAP earnings is pinned at $3.57 per share, suggesting a 14.8% year-over-year jump.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters and missed in the remaining one, the surprise being 8.8%, on average.
Let’s see how things have shaped up prior to the upcoming announcement.
Factors at Play
CACI’s quarterly results are likely to have gained from its large pipeline of government projects. Most recently in December 2020, it won a four-and-a-half year task order from the U.S. Air Force, under which the firm will provide technology support to the Central Command’s Network Operations and Security Center. The contract has a ceiling value of $160 million.
CACI has a large pipeline of new projects and continues to win deals at regular intervals. Markedly, as of Sep 30, 2020, its total backlog was $21.9 billion. These back-to-back wins are the key catalysts driving success perennially for the company.
Furthermore, CACI’s fiscal second-quarter performance is anticipated to have benefited from increasing organic revenue growth and continued margin expansion. During the last earnings conference call, management noted that despite the impact of COVID-19, the company’s EBITDA margin is still expected to be above 10%.
However, a highly-leveraged balance sheet might have been an overhang on the company’s financial decisions during the fiscal second quarter. As of Sep 30, 2020, the company’s cash and cash equivalents were $124.9 million, while total long-term debt (net of current portion) was $1.57 billion.
What Our Model Says
Our proven model does not predict an earnings beat for CACI this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
CACI currently carries a Zacks Rank of 2 and has an Earnings ESP of -0.31%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
Avnet, Inc. (AVT - Free Report) has an Earnings ESP of +2.63% and carries a Zacks Rank #3, at present.
Advanced Micro Devices, Inc. (AMD - Free Report) has an Earnings ESP of +2.26% and holds a Zacks Rank of 3 currently.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Image: Bigstock
What's in the Offing for CACI International (CACI) Q2 Earnings?
CACI International (CACI - Free Report) is set to report second-quarter fiscal 2021 results on Jan 27.
The Zacks Consensus Estimate for fiscal second-quarter revenues is currently pegged at $1.50 billion, which indicates 7.3% growth from the year-ago quarter. Moreover, the consensus estimate for non-GAAP earnings is pinned at $3.57 per share, suggesting a 14.8% year-over-year jump.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters and missed in the remaining one, the surprise being 8.8%, on average.
Let’s see how things have shaped up prior to the upcoming announcement.
Factors at Play
CACI’s quarterly results are likely to have gained from its large pipeline of government projects. Most recently in December 2020, it won a four-and-a-half year task order from the U.S. Air Force, under which the firm will provide technology support to the Central Command’s Network Operations and Security Center. The contract has a ceiling value of $160 million.
CACI International, Inc. Price and Consensus
CACI International, Inc. price-consensus-chart | CACI International, Inc. Quote
CACI has a large pipeline of new projects and continues to win deals at regular intervals. Markedly, as of Sep 30, 2020, its total backlog was $21.9 billion. These back-to-back wins are the key catalysts driving success perennially for the company.
Furthermore, CACI’s fiscal second-quarter performance is anticipated to have benefited from increasing organic revenue growth and continued margin expansion. During the last earnings conference call, management noted that despite the impact of COVID-19, the company’s EBITDA margin is still expected to be above 10%.
However, a highly-leveraged balance sheet might have been an overhang on the company’s financial decisions during the fiscal second quarter. As of Sep 30, 2020, the company’s cash and cash equivalents were $124.9 million, while total long-term debt (net of current portion) was $1.57 billion.
What Our Model Says
Our proven model does not predict an earnings beat for CACI this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
CACI currently carries a Zacks Rank of 2 and has an Earnings ESP of -0.31%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
Facebook, Inc. has an Earnings ESP of +1.67% and currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Avnet, Inc. (AVT - Free Report) has an Earnings ESP of +2.63% and carries a Zacks Rank #3, at present.
Advanced Micro Devices, Inc. (AMD - Free Report) has an Earnings ESP of +2.26% and holds a Zacks Rank of 3 currently.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>