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Leidos (LDOS) Stock Slides as Market Rises: Facts to Know Before You Trade
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Leidos (LDOS - Free Report) ended the recent trading session at $116.69, demonstrating a -2.31% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Heading into today, shares of the security and engineering company had lost 10.22% over the past month, lagging the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 0.84%.
Market participants will be closely following the financial results of Leidos in its upcoming release. It is anticipated that the company will report an EPS of $3, marking a 1.64% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.72 billion, up 5.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.28 per share and revenue of $18.29 billion, which would represent changes of +2.42% and +6.52%, respectively, from the prior 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. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 past month, there's been a 0.86% fall in the Zacks Consensus EPS estimate. Leidos presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Leidos is presently being traded at a Forward P/E ratio of 9.73. This valuation marks a discount compared to its industry average Forward P/E of 13.31.
One should further note that LDOS currently holds a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 1.34 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Leidos (LDOS) Stock Slides as Market Rises: Facts to Know Before You Trade
Leidos (LDOS - Free Report) ended the recent trading session at $116.69, demonstrating a -2.31% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Heading into today, shares of the security and engineering company had lost 10.22% over the past month, lagging the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 0.84%.
Market participants will be closely following the financial results of Leidos in its upcoming release. It is anticipated that the company will report an EPS of $3, marking a 1.64% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.72 billion, up 5.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.28 per share and revenue of $18.29 billion, which would represent changes of +2.42% and +6.52%, respectively, from the prior 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. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 past month, there's been a 0.86% fall in the Zacks Consensus EPS estimate. Leidos presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Leidos is presently being traded at a Forward P/E ratio of 9.73. This valuation marks a discount compared to its industry average Forward P/E of 13.31.
One should further note that LDOS currently holds a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 1.34 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.