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Accenture PLC (ACN) - free report >>
Science Applications International Corporation (SAIC) - free report >>
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Science Applications (SAIC) Q1 Earnings: What to Expect?
Science Applications International Corporation (SAIC - Free Report) is set to report first-quarter fiscal 2017 results on Jun 13. Last quarter, the company posted a positive earnings surprise of 15.6%. Let us see how things are shaping up for this announcement.
Factors to Consider
Science Applications serves the U.S. federal, state and local government agencies as well as foreign governments. Since its inception in 1969, SAIC has utilized its domain knowledge to solve critical problems in areas such as national security, energy and the environment, critical infrastructure, and health.
The company delivered mixed fourth quarter fiscal 2016 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same.
Moving forward, SAIC’s revenues are expected to get a major boost from the continuous contract wins. The company has a huge pipeline of new projects and continues to win deals at regular intervals. These contracts are key growth catalysts for the company.
However, competition from companies such as Accenture plc (ACN - Free Report) and Booz Allen Hamilton Holding Corporation remains a headwind.
Earnings Whispers?
Our proven model does not conclusively show that SAIC will beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. That is not the case here as you will see below.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate stand at 76 cents. Hence, the difference is 0.00%.
Zacks Rank: SAIC’s Zacks Rank #2 (Buy) when combined with a 0.00% ESP makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a couple of companies which, as per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
Rite Aid Corporation , with an Earnings ESP of +20.00% and a Zacks Rank #3 (Hold)
DBV Technologies S.A. (DBVT - Free Report) , with an Earnings ESP of +12.68% and a Zacks Rank #3
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