Leidos (LDOS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Leidos (LDOS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Powered by new defense contract wins, Leidos just delivered a strong beat-and-raise quarter.
LDOS' third-quarter revenues improve 6.7% year over year. It currently expects 2024 revenues to be in the band of $16.35-$16.45 billion, higher than the earlier guidance of $16.10-$16.40 billion.
Leidos Holdings, Inc. (NYSE:LDOS ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Stuart Davis - Investor Relations Tom Bell - Chief Executive Officer Chris Cage - Chief Financial Officer Conference Call Participants Peter Arment - Baird Sheila Kahyaoglu - Jefferies Tobey Sommer - Truist Securities Mariana Perez Mora - Bank of America Cai von Rumohr - TD Cowen Scott Mikus - Melius Research Noah Poponak - Goldman Sachs Seth Seifman - JPMorgan Ken Herbert - RBC Capital Markets Louie DiPalma - William Blair David Strauss - Barclays Josh Korn - Barclays Matt Akers - Wells Fargo Operator Greetings. Welcome to Leidos' Third Quarter 2024 Earnings Call.
Although the revenue and EPS for Leidos (LDOS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Leidos (LDOS) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $2.03 per share a year ago.
U.S. defense contractor Leidos Holdings raised its annual profit and revenue forecasts on Tuesday, banking on strong worldwide weapons demand amid growing geopolitical tensions.
LDOS continues to generate strong revenues and cash balances, which help it reward its shareholders through regular dividend hikes.
Parker-Hannifin, Curtiss-Wright, Ingersoll Rand, Leidos and Mastercard are included in this Analyst Blog.