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Leidos (LDOS - Free Report) ended the recent trading session at $130.96, demonstrating a +1.24% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.14%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.69%.
The security and engineering company's shares have seen a decrease of 11.59% over the last month, not keeping up with the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
Market participants will be closely following the financial results of Leidos in its upcoming release. The company is expected to report EPS of $3, down 1.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.72 billion, up 5.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $12.28 per share and a revenue of $18.29 billion, demonstrating changes of +2.42% and +6.52%, respectively, from the preceding year.
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. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.86% lower. Leidos is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Leidos is at present trading with a Forward P/E ratio of 10.53. This denotes a discount relative to the industry average Forward P/E of 14.
Also, we should mention that LDOS has a PEG ratio of 1.45. 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 1.43 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 100, finds itself in the top 41% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Leidos (LDOS) Rises Higher Than Market: Key Facts
Leidos (LDOS - Free Report) ended the recent trading session at $130.96, demonstrating a +1.24% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.14%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.69%.
The security and engineering company's shares have seen a decrease of 11.59% over the last month, not keeping up with the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
Market participants will be closely following the financial results of Leidos in its upcoming release. The company is expected to report EPS of $3, down 1.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.72 billion, up 5.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $12.28 per share and a revenue of $18.29 billion, demonstrating changes of +2.42% and +6.52%, respectively, from the preceding year.
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. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.86% lower. Leidos is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Leidos is at present trading with a Forward P/E ratio of 10.53. This denotes a discount relative to the industry average Forward P/E of 14.
Also, we should mention that LDOS has a PEG ratio of 1.45. 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 1.43 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 100, finds itself in the top 41% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.