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Leidos (LDOS - Free Report) closed the most recent trading day at $158.82, moving +1.8% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.18%.
Heading into today, shares of the security and engineering company had lost 11.71% over the past month, lagging the Computer and Technology sector's loss of 3.85% and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Leidos in its upcoming release. On that day, Leidos is projected to report earnings of $2.88 per share, which would represent a year-over-year decline of 3.03%. Alongside, our most recent consensus estimate is anticipating revenue of $4.28 billion, indicating a 0.74% upward movement from the same quarter last year.
LDOS's full-year Zacks Consensus Estimates are calling for earnings of $12.22 per share and revenue of $17.81 billion. These results would represent year-over-year changes of +1.92% and +3.73%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Leidos. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.03% fall in the Zacks Consensus EPS estimate. As of now, Leidos holds a Zacks Rank of #4 (Sell).
In terms of valuation, Leidos is currently trading at a Forward P/E ratio of 12.77. This expresses a discount compared to the average Forward P/E of 12.9 of its industry.
Meanwhile, LDOS's PEG ratio is currently 1.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computers - IT Services industry stood at 1.19 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Leidos (LDOS) Laps the Stock Market: Here's Why
Leidos (LDOS - Free Report) closed the most recent trading day at $158.82, moving +1.8% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.18%.
Heading into today, shares of the security and engineering company had lost 11.71% over the past month, lagging the Computer and Technology sector's loss of 3.85% and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Leidos in its upcoming release. On that day, Leidos is projected to report earnings of $2.88 per share, which would represent a year-over-year decline of 3.03%. Alongside, our most recent consensus estimate is anticipating revenue of $4.28 billion, indicating a 0.74% upward movement from the same quarter last year.
LDOS's full-year Zacks Consensus Estimates are calling for earnings of $12.22 per share and revenue of $17.81 billion. These results would represent year-over-year changes of +1.92% and +3.73%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Leidos. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.03% fall in the Zacks Consensus EPS estimate. As of now, Leidos holds a Zacks Rank of #4 (Sell).
In terms of valuation, Leidos is currently trading at a Forward P/E ratio of 12.77. This expresses a discount compared to the average Forward P/E of 12.9 of its industry.
Meanwhile, LDOS's PEG ratio is currently 1.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computers - IT Services industry stood at 1.19 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.