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SAIC (SAIC) Q1 Earnings: What To Expect

SAIC Cover Image

Government IT services provider Science Applications International Corporation (NASDAQ: SAIC) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.

SAIC beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $1.84 billion, up 5.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and a narrow beat of analysts’ full-year EPS guidance estimates.

Is SAIC a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting SAIC’s revenue to grow 1% year on year to $1.87 billion, a reversal from the 8.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.12 per share.

SAIC Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SAIC has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.4% on average.

Looking at SAIC’s peers in the government & technical consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Maximus posted flat year-on-year revenue, beating analysts’ expectations by 5.2%, and ICF International reported a revenue decline of 1.4%, in line with consensus estimates. Maximus traded up 12.1% following the results while ICF International was down 6.3%.

Read our full analysis of Maximus’s results here and ICF International’s results here.

There has been positive sentiment among investors in the government & technical consulting segment, with share prices up 4.3% on average over the last month. SAIC is down 1.6% during the same time and is heading into earnings with an average analyst price target of $127.19 (compared to the current share price of $115.71).

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