Science Applications International Corporation, a government IT services provider, will announce its earnings results this Monday before market hours. Last quarter, SAIC beat analysts' revenue expectations with $1.91 billion in revenue, up 1.5% year on year, and also exceeded EPS and full-year guidance estimates. This quarter, the market expects revenue to be flat year on year, an improvement from the 2.7% decline in the same quarter last year. Analysts have generally reconfirmed their estimates over the past 30 days, though SAIC has missed revenue estimates multiple times in the last two years. Peers Booz Allen Hamilton and ICF International reported mixed results, with Booz Allen's revenue down 4.2% and ICF flat, both missing expectations, yet their shares rose 8.8% and 11.4% respectively. SAIC's stock is up 8.1% over the last month, trading at $126.57 against an average analyst price target of $121.50.
Science Applications International Corporation Common StockEarnings preview; market expects flat revenue, analyst estimates reconfirmed.
Booz Allen Hamilton Holding
ICF International Inc