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Leidos (LDOS) Suffers a Larger Drop Than the General Market: Key Insights
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Leidos (LDOS - Free Report) ended the recent trading session at $123.35, demonstrating a -1.07% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.01%.
Heading into today, shares of the security and engineering company had lost 9.27% over the past month, lagging the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Leidos in its upcoming release. The company's upcoming EPS is projected at $3, signifying a 1.64% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.72 billion, reflecting a 5.52% rise from the equivalent quarter last year.
LDOS's full-year Zacks Consensus Estimates are calling for earnings of $12.28 per share and revenue of $18.29 billion. These results would represent year-over-year changes of +2.42% and +6.52%, respectively.
It is also important to note the recent changes to analyst estimates for Leidos. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, there's been a 0.86% fall in the Zacks Consensus EPS estimate. Leidos is currently a Zacks Rank #3 (Hold).
In the context of valuation, Leidos is at present trading with a Forward P/E ratio of 10.16. This signifies a discount in comparison to the average Forward P/E of 13.38 for its industry.
Investors should also note that LDOS has a PEG ratio of 1.4 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Computers - IT Services industry held an average PEG ratio of 1.4.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Leidos (LDOS) Suffers a Larger Drop Than the General Market: Key Insights
Leidos (LDOS - Free Report) ended the recent trading session at $123.35, demonstrating a -1.07% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.01%.
Heading into today, shares of the security and engineering company had lost 9.27% over the past month, lagging the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Leidos in its upcoming release. The company's upcoming EPS is projected at $3, signifying a 1.64% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.72 billion, reflecting a 5.52% rise from the equivalent quarter last year.
LDOS's full-year Zacks Consensus Estimates are calling for earnings of $12.28 per share and revenue of $18.29 billion. These results would represent year-over-year changes of +2.42% and +6.52%, respectively.
It is also important to note the recent changes to analyst estimates for Leidos. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, there's been a 0.86% fall in the Zacks Consensus EPS estimate. Leidos is currently a Zacks Rank #3 (Hold).
In the context of valuation, Leidos is at present trading with a Forward P/E ratio of 10.16. This signifies a discount in comparison to the average Forward P/E of 13.38 for its industry.
Investors should also note that LDOS has a PEG ratio of 1.4 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Computers - IT Services industry held an average PEG ratio of 1.4.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.