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Leidos (LDOS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Leidos (LDOS - Free Report) reported $4.13 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.7%. EPS of $2.63 for the same period compares to $1.80 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.04 billion, representing a surprise of +2.23%. The company delivered an EPS surprise of +16.37%, with the consensus EPS estimate being $2.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Leidos performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Health & Civil: $1.26 billion versus the two-analyst average estimate of $1.14 billion.
Revenues- National Security and Digital: $1.81 billion versus $1.86 billion estimated by two analysts on average.
Revenues- Commercial & International: $561 million compared to the $548.24 million average estimate based on two analysts.
Revenues- Defense Systems: $495 million versus the two-analyst average estimate of $456.51 million. The reported number represents a year-over-year change of -77.4%.
Non-GAAP operating income (loss)- National Security and Digital: $188 million compared to the $180.98 million average estimate based on two analysts.
Non-GAAP operating income (loss)- Health & Civil: $314 million versus the two-analyst average estimate of $186.15 million.
Non-GAAP operating income (loss)- Commercial & International: $4 million compared to the $47.86 million average estimate based on two analysts.
Shares of Leidos have returned +5.1% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Leidos (LDOS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Leidos (LDOS - Free Report) reported $4.13 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.7%. EPS of $2.63 for the same period compares to $1.80 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.04 billion, representing a surprise of +2.23%. The company delivered an EPS surprise of +16.37%, with the consensus EPS estimate being $2.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Leidos performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Health & Civil: $1.26 billion versus the two-analyst average estimate of $1.14 billion.
- Revenues- National Security and Digital: $1.81 billion versus $1.86 billion estimated by two analysts on average.
- Revenues- Commercial & International: $561 million compared to the $548.24 million average estimate based on two analysts.
- Revenues- Defense Systems: $495 million versus the two-analyst average estimate of $456.51 million. The reported number represents a year-over-year change of -77.4%.
- Non-GAAP operating income (loss)- National Security and Digital: $188 million compared to the $180.98 million average estimate based on two analysts.
- Non-GAAP operating income (loss)- Health & Civil: $314 million versus the two-analyst average estimate of $186.15 million.
- Non-GAAP operating income (loss)- Commercial & International: $4 million compared to the $47.86 million average estimate based on two analysts.
View all Key Company Metrics for Leidos here>>>Shares of Leidos have returned +5.1% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.