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Why Leidos (LDOS) Dipped More Than Broader Market Today
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Leidos (LDOS - Free Report) ended the recent trading session at $104.84, demonstrating a -2.13% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
Prior to today's trading, shares of the security and engineering company had lost 14.99% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
The investment community will be closely monitoring the performance of Leidos in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.94, reflecting a 8.41% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.36 billion, up 2.62% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.25 per share and a revenue of $17.98 billion, indicating changes of +2.17% and +4.7%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Leidos. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Leidos is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Leidos is holding a Forward P/E ratio of 8.74. Its industry sports an average Forward P/E of 12.73, so one might conclude that Leidos is trading at a discount comparatively.
One should further note that LDOS currently holds a PEG ratio of 1.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. LDOS's industry had an average PEG ratio of 1.11 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Why Leidos (LDOS) Dipped More Than Broader Market Today
Leidos (LDOS - Free Report) ended the recent trading session at $104.84, demonstrating a -2.13% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
Prior to today's trading, shares of the security and engineering company had lost 14.99% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
The investment community will be closely monitoring the performance of Leidos in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.94, reflecting a 8.41% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.36 billion, up 2.62% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.25 per share and a revenue of $17.98 billion, indicating changes of +2.17% and +4.7%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Leidos. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Leidos is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Leidos is holding a Forward P/E ratio of 8.74. Its industry sports an average Forward P/E of 12.73, so one might conclude that Leidos is trading at a discount comparatively.
One should further note that LDOS currently holds a PEG ratio of 1.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. LDOS's industry had an average PEG ratio of 1.11 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.