When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Leidos (LDOS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Leidos currently has an average brokerage recommendation (ABR) ...

RESTON, Va., Aug. 14, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS), a Fortune 500®innovation leader, was recently awarded a contract by the National Geospatial-Intelligence Agency's (NGA) Integrated Program Office for Analysis for lifecycle management of existing and emerging analytics systems. The single award, indefinite delivery, indefinite quantity (IDIQ) contract, referred to as Chinook, has a ceiling value of $86.4 million, if all task orders are exercised over a five-year period of performance. "Geospatia ...

Investors looking for stocks in the Aerospace - Defense sector might want to consider either Leidos (LDOS) or Airbus Group (EADSY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies wit ...

RESTON, Va., Aug. 13, 2024 /PRNewswire/ -- Leidos (NYSE: LDOS), a Fortune 500® innovation leader, was recently awarded a $191 million contract by the Army Contracting Command – Aberdeen Proving Ground for integrated lifecycle software and management solutions in support of the U.S. Army Communications Electronics Command, Software Engineering Center, C3T Directorate, Fires Division. The contract covers a five-year performance period, with a six-month extension option. The safety-critical work Leidos will pe ...

RESTON, Va., Aug. 12, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE® 500 innovation leader, today announced the addition of Curtiss-Wright, a global provider of highly engineered, technologically advanced products and services, to the Leidos Alliance Partner Network (LAPN) as a Technology Partner. "Leidos is pleased to welcome Curtiss-Wright's Defense Solutions Division to the LAPN," said Doug Jones, Leidos' Senior Vice President of Defense Systems. "Curtiss-Wright's expertise in developing advanced, h ...

Leidos (LDOS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this security and engineering company have returned -3.8% over the past month versus the Zacks S&P 500 composite's -6.5% change. The Zacks Aerospace - Defense industry, to which Leidos belongs, has gained 5.6% over this period. Now the key question is: Where could the stock be headed in the ne ...

NATIONAL HARBOR, Md., Aug. 6, 2024 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 innovation company, hosted over 170 partners and suppliers at its seventh annual Supplier Innovation & Technology Symposium Tuesday to discuss, plan and think big about how emerging technologies like AI can help solve customers' challenges. "Emerging tech like AI is advancing at a rapid speed, and this symposium demonstrates that together with our partners and suppliers, Leidos is poised to harness the best innovations to ...

RESTON, Va., Aug. 5, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS), a Fortune 500®innovation leader, has been awarded a $276 million task order to support the Department of Defense (DOD) Information Analysis Center to conduct research and development (R&D) of critical minerals and materials for use in munitions and to promote energetics supply chain resiliency. Leidos was awarded this contract under the Department of Defense Information Analysis Center's (DoDIAC) multiple-award contract (MAC) vehicle. These IAC M ...

Earnings Performance - Leidos Holdings reported better-than-expected Q2 fiscal 2024 earnings with revenue growth of 8% YoY to $4.13 billion, surpassing the analyst consensus estimate of $4.06 billion [1] - Adjusted EPS for Q2 fiscal 2024 was $2.63, up 46% YoY, exceeding the analyst consensus estimate of $2.27 [1] Revenue and EPS Guidance - Leidos expects fiscal 2024 revenue to be in the range of $16.1 billion to $16.4 billion, slightly higher than the prior range of $16.0 billion to $16.4 billion [2] - The company raised its fiscal 2024 adjusted EPS guidance to $8.60 - $9.00, up from the prior range of $8.40 - $8.80, compared to the consensus estimate of $8.82 [2] Analyst Reactions - RBC Capital maintained a Sector Perform rating on Leidos but raised the price target from $140 to $145 [3] - JP Morgan maintained an Overweight rating on the stock and increased the price target from $165 to $175 [3] Market Performance - Leidos shares fell 2% to $143.04 following the earnings announcement [2]

Revenue Performance - Revenues for the three months ended June 28, 2024, increased to $561 million, a 2.6% increase from $547 million for the same period in 2023[91] - Revenues for the six months ended June 28, 2024, reached $1,070 million, reflecting a 3.3% increase from $1,036 million for the same period in 2023[91] Operating Income - Operating income for the three months ended June 28, 2024, was a loss of $11 million, a decrease of 132.4% compared to an income of $34 million for the same period in 2023[91] - Operating income for the six months ended June 28, 2024, was $23 million, down 51.1% from $47 million for the same period in 2023[91] Assets and Liabilities - Total current assets as of June 28, 2024, were $2,520 million, an increase from $2,464 million as of December 29, 2023[101] - Total assets as of June 28, 2024, amounted to $9,516 million, up from $9,222 million as of December 29, 2023[101] - Total current liabilities as of June 28, 2024, increased to $2,531 million from $1,983 million as of December 29, 2023[101] Net Income - Net income attributable to Leidos common stockholders for the six months ended June 28, 2024, was $89 million[102] Future Outlook - The company has a backlog of contracts that is expected to contribute to future revenue growth, although specific figures were not disclosed[90] - The company continues to evaluate market opportunities for expansion and new product development, focusing on efficiencies and program wins[90]