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What's in Store for CACI International's (CACI) Q2 Earnings?

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CACI International (CACI - Free Report) is scheduled to report second-quarter fiscal 2022 results on Jan 26.

The Zacks Consensus Estimate for second-quarter fiscal 2022 revenues is pegged at $1.53 billion, indicating an improvement of 4.1% from the year-ago quarter. The consensus mark for non-GAAP earnings stands at $3.99 per share, suggesting a significant decline of 4.6% year over year.

The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.8%.

Factors to Note

CACI’s to-be-reported quarter’s performance is likely to have benefited from its large pipeline of government projects.

The company’s total backlog as of Sep 30, 2021 was $23.9 billion. Back-to-back contract wins at regular intervals might have favored the to-be-reported quarter’s performance.

Increasing inorganic revenue growth and continued margin expansion may get reflected in the fiscal second-quarter results. On its last earnings conference call, the company had stated that it expects additional $30 million in revenues from acquisitions in fiscal 2022.

Additionally, fixed-price contracts are likely to have contributed to the second-quarter fiscal 2022 performance as well.

CACI International, Inc. Price and EPS Surprise CACI International, Inc. Price and EPS Surprise

CACI International, Inc. price-eps-surprise | CACI International, Inc. Quote

What Our Model Unveils

Our proven model does not conclusively 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.

CACI currently has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks With Favorable Combinations

Per our model, General Motors (GM - Free Report) , Advanced Micro Devices (AMD - Free Report) and Starbucks (SBUX - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.

General Motors has a Zacks Rank #2 and an Earnings ESP of +12.02%. The company is scheduled to report fourth-quarter 2021 results on Feb 1. Its earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 46.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for the fourth-quarter bottom line of General Motors is pegged at earnings of $1.04 per share, suggesting a year-over-year decline of 46.1%. The consensus mark for revenues stands at $29.35 billion, indicating a year-over-year decrease of 21.8%.

AMD is slated to report fourth-quarter 2021 results on Feb 1. The stock has a Zacks Rank #2 and an Earnings ESP of +3.47%. Its earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%.

The Zacks Consensus Estimate for AMD’s quarterly earnings is pegged at 75 cents per share, suggesting a year-over-year improvement of 44.2%. Its quarterly revenues are estimated to increase 39.4% year over year to $4.52 billion.

Starbucks has a Zacks Rank #3 and an Earnings ESP of +2.22%. The company is scheduled to report first-quarter fiscal 2022 results on Feb 1. Its earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 15.3%.

The Zacks Consensus Estimate for Starbucks’ first-quarter earnings is pegged at 80 cents per share, suggesting year-over-year growth of 31.2%. The consensus mark for revenues stands at $7.99 billion, indicating a year-over-year improvement of 18.4%.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.