A month has gone by since the last earnings report for CACI International (CACI) . Shares have added about 5.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CACI International due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. CACI International Q4 Earnings and R ...

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Investors might want to bet on CACI International (CACI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual in ...

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Despite underwhelming guidance sending Meta Platforms' (META)  stock lower following its Q1 earnings beat on Wednesday evening, several tech companies have seen their stocks pop after exceeding quarterly expectations yesterday as well.Better still, these top-rated tech stocks look poised to outperform the broader market given slower GDP data and higher consumer prices led to a selloff in Thursday’s trading session with the S&P 500, Nasdaq, and Dow Jones all down roughly -1% at the moment.CACI International ...

Financial Data and Key Metrics Changes - The company reported adjusted diluted earnings per share of $5.74, which is 17% higher than the previous year, driven by greater operating income and a lower share count, offsetting higher income tax provision and interest expense [6][63] - Revenue for the third quarter reached over $1.9 billion, representing an 11.1% growth, with 10.2% being organic growth [85][100] - The EBITDA margin for the third quarter was 11.3%, showing a significant expansion from the previous year, consistent with expectations of stronger margins in the second half [51][96] Business Line Data and Key Metrics Changes - The company achieved $3.5 billion in awards during the quarter, resulting in a trailing 12-month book-to-bill ratio of 1.5 times, with about half of the awards being for new work [77][99] - The backlog reached a record $28.6 billion, representing nearly four years of annualized revenue, driven by successful recompetes and contract expansions [94][99] Market Data and Key Metrics Changes - The company expects approximately 98% of its revenue for fiscal year '24 to come from existing programs, with about 1% from recompetes in new business [7][63] - The proposed GFY '25 budget aligns with expectations, and the company anticipates beginning with a continuing resolution, which typically does not materially impact business [79] Company Strategy and Development Direction - The company focuses on key enduring priorities for national security and IT modernization, leveraging software to address critical needs, and prioritizing larger, longer-duration opportunities [55][80] - The strategy includes investing ahead of need to develop differentiated capabilities and deploying capital in a flexible and opportunistic manner [9][83] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong third-quarter performance and the ability to raise full-year revenue and earnings guidance, reflecting successful execution of their strategy [8][100] - The management highlighted the importance of adapting to changing threats and maintaining a focus on long-term growth and free cash flow per share as key metrics for shareholder value creation [91][150] Other Important Information - The company has made three acquisitions over the past 12 months, including Quadrint, which enhances its capabilities in digital application modernization [4][114] - The company maintains a free cash flow guidance of at least $420 million, assuming receipt of a $40 million tax refund related to prior year tax method changes [98] Q&A Session All Questions and Answers Question: How does the roll-off of stale pricing in fixed-price business provide natural lift? - Management acknowledged that the roll-off of stale pricing allows for repricing at better rates, potentially providing a natural lift [12][14] Question: Are there plans to increase international exposure through acquisitions? - Management indicated that while they are not currently pursuing international-based M&A, they are looking to expand their international sales efforts and capabilities [30][36] Question: What is the outlook for bidding proposal activity and recompete risk for fiscal '25? - Management noted that they are actively managing bidding proposal activity and expect to continue focusing on larger, longer-duration opportunities, with a disciplined approach to recompete risks [27][40] Question: What are the drivers behind the recent growth in the civil business? - Management explained that the growth is attributed to the transition of certain contracts and the successful recompete of IT work supporting EUCOM and AFRICOM, which nearly doubled in size [42][43] Question: How should investors think about capital deployment and share repurchases? - Management emphasized their focus on free cash flow per share and noted that they have repurchased 1.3 million shares since the second quarter of last year, indicating a commitment to returning value to shareholders [145][146]

CACI International (CACI) reported mixed third-quarter fiscal 2024 results, wherein earnings missed the Zacks Consensus Estimate while revenues beat the same.The national security-related IT solutions and services provider reported non-GAAP earnings per share of $5.13, which missed the Zacks Consensus Estimate of $5.53. However, the bottom line improved 18.5% on a year-over-year basis, primarily due to a rise in operating income and share repurchases, offset by higher tax provision and increased interest ex ...

For the quarter ended March 2024, CACI International (CACI) reported revenue of $1.94 billion, up 11.1% over the same period last year. EPS came in at $5.74, compared to $4.92 in the year-ago quarter.The reported revenue represents a surprise of +4.08% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $5.52, the EPS surprise was +3.99%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

CACI International (CACI) came out with quarterly earnings of $5.74 per share, beating the Zacks Consensus Estimate of $5.52 per share. This compares to earnings of $4.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.99%. A quarter ago, it was expected that this defense contractor would post earnings of $4.50 per share when it actually produced earnings of $4.36, delivering a surprise of -3.11%.Over the last four quarters, ...