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Factors Likely to Influence CACI's Fate in Q3 Earnings

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CACI International (CACI - Free Report) is scheduled to report third-quarter fiscal 2022 results on Apr 27.

The Zacks Consensus Estimate for third-quarter fiscal 2022 revenues is pegged at $1.65 billion, indicating an improvement of 6.6% from the year-ago quarter. The consensus mark for non-GAAP earnings stands at $4.79 per share, suggesting a significant decline of 9.3% year over year.

The company's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average surprise being 13.5%.

 

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

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

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 Dec 31, 2021, was $24.1 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 third-quarter results. On its last earnings conference call, the company had stated that it expects 92% of fiscal 2022 revenues to come from existing programs, 4% from recompetes and around 3% from newly acquired businesses.

Fixed-price contracts might have contributed to the third-quarter fiscal 2022 performance as well.

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 #3 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 the Favorable Combination

Per our model, Apple (AAPL - Free Report) , Sony (SONY - Free Report) and Fortive (FTV - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.

Apple is slated to report second-quarter fiscal 2022 results on Apr 28. The company has a Zacks Rank #2 and an Earnings ESP of +1.78% at present. Apple's earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters and matched once, the average surprise being 20.3%. You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for quarterly earnings is pegged at $1.43 per share, suggesting a year-over-year improvement of 2.1%. AAPL's quarterly revenues are estimated to increase 5.4% year over year to $94.4 billion.

Sony has a Zacks Rank #3 and an Earnings ESP of +12.96%. The company is scheduled to report fourth-quarter fiscal 2022 results on Apr 27. Sony's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 51.4%.

The Zacks Consensus Estimate for SONY's fourth-quarter earnings is pegged at 82 cents per share, indicating a year-over-year increase of 1.23%. The consensus mark for revenues stands at $20.82 billion, suggesting a year-over-year decline of 0.65%.

Fortive currently has a Zacks Rank #3 and an Earnings ESP of +0.30%. The company is slated to report its first-quarter 2022 results on Apr 28. Fortive's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 4%.

The Zacks Consensus Estimate for Fortive's first-quarter earnings stands at 68 cents per share, suggesting a year-over-year increase of 7.9%. FTV anticipates revenues of $1.35 billion, which suggests growth of 7.1% from the year-ago quarter.

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