Science Applications International Corp reports results for the quarter ended in January - Earnings Summary

Science Applications International

18/03/2024 13:31

* Science Applications International Corp  SAIC.OQ  reported
quarterly adjusted earnings of $1.43​​ per share for the quarter
ended in January, lower than the same quarter last year, when
the company reported EPS of $2.04.  The mean expectation of
nine analysts for the quarter was for earnings of $1.46 per
share. Wall Street expected results to range from $1.33 
to $1.65 per share.
    * Revenue fell 11.7% to $1.74 billion from a year ago;
analysts
expected $1.64 billion. 
    * Science Applications International Corp's reported EPS for
the
quarter was 74 cents​.
    * The company reported quarterly net income of $39 million.
    * Science Applications International Corp shares had risen
by 14.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Science
Applications International Corp is $138.00 
This summary was machine generated from LSEG data March 18 at
01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      1.46           1.43           Missed
 Oct. 31 2023      1.69           2.27           Beat
 Jul. 31 2023      1.62           2.05           Beat
 Apr. 30 2023      1.82           2.14           Beat