We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why the Market Dipped But Leidos (LDOS) Gained Today
Read MoreHide Full Article
Leidos (LDOS - Free Report) ended the recent trading session at $101.76, demonstrating a +1.76% change from the preceding day's closing price. This change outpaced the S&P 500's 0.05% loss on the day. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.24%.
Shares of the security and engineering company witnessed a loss of 24.01% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.81%, and the S&P 500's loss of 1.42%.
Market participants will be closely following the financial results of Leidos in its upcoming release. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.25 per share and a revenue of $17.98 billion, signifying shifts of +2.17% and +4.7%, respectively, from the last year.
Any recent changes to analyst estimates for Leidos should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Leidos is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Leidos is currently exchanging hands at a Forward P/E ratio of 8.16. This denotes a discount relative to the industry average Forward P/E of 12.19.
We can additionally observe that LDOS currently boasts a PEG ratio of 1.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Why the Market Dipped But Leidos (LDOS) Gained Today
Leidos (LDOS - Free Report) ended the recent trading session at $101.76, demonstrating a +1.76% change from the preceding day's closing price. This change outpaced the S&P 500's 0.05% loss on the day. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.24%.
Shares of the security and engineering company witnessed a loss of 24.01% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.81%, and the S&P 500's loss of 1.42%.
Market participants will be closely following the financial results of Leidos in its upcoming release. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.25 per share and a revenue of $17.98 billion, signifying shifts of +2.17% and +4.7%, respectively, from the last year.
Any recent changes to analyst estimates for Leidos should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Leidos is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Leidos is currently exchanging hands at a Forward P/E ratio of 8.16. This denotes a discount relative to the industry average Forward P/E of 12.19.
We can additionally observe that LDOS currently boasts a PEG ratio of 1.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.