Leidos (LDOS) came out with quarterly earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.37%. A quarter ago, it was expected that this security and engineering company would post earnings of $1.65 per share when it actually produced earnings of $2.29, delivering a surprise of 38.79%. Over the last four quart ...

(1) Year ago acquisition and divestiture revenues reflect revenues from assets subsequently divested. For the three months ended June 30, 2023, Defense Systems segment acquisition and divestiture revenues include the divestiture of an immaterial asset that was completed on October 20, 2023. LEIDOS HOLDINGS, INC. UNAUDITED NON-GAAP FINANCIAL MEASURES [CONTINUED] (in millions, except per share data and margin percentages) The following tables present the reconciliation of non-GAAP operating income, net income ...

Leidos Holdings, Inc. Reports Second Quarter Fiscal Year 2024 Results • Revenues of $4.1 billion, up 8% year-over-year • Net income of $324 million or $2.37 per diluted share • Adjusted EBITDA (non-GAAP) of $559 million (13.5% margin) • Non-GAAP Diluted Earnings per Share of $2.63, up 46% year-over-year • Cash Flows from Operations of $374 million; Free Cash Flow (non-GAAP) of $351 million • Net Bookings of $4.0 billion (book-to-bill ratio of 1.0 for the quarter and 1.1 for trailing twelve months) RESTON, V ...

This five-year task order award establishes the long-term operations and sustainment construct that will expand support from just over 30,000 users to more than 160,000 users, including 14 additional DAFAs to be migrated to DoDNet. Leidos will help ensure the DoDNet environment is secure, scalable, and operational by providing resilient and flexible IT solutions, including cybersecurity support, systems engineering, network architecture and management, and comprehensive technical support. DoDNet is projecte ...

Leidos is a Fortune 500® innovation company rapidly addressing the world's most vexing challenges in national security and health. The company's global workforce of 47,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. For more information, visit www.leidos.com. Media contact: Melissa Lee Dueñas (571) 526-6850 [emai ...

Leidos Holdings, Inc. (LDOS) is scheduled to release second-quarter 2024 results on Jul 30, after market close. The Zacks Consensus Estimate for revenues is pegged at $4.01 billion, implying a 4.5% improvement from the year-ago quarter's reported figure. The consensus mark for second-quarter earnings is pegged at $2.26 per share, suggesting a 25.6% surge from $1.85 reported in the prior-year quarter. The bottom-line estimate remained unchanged in the past 60 days. | --- | --- | --- | --- | --- | |-------|-- ...

Shares of this security and engineering company have returned +2.5% over the past month versus the Zacks S&P 500 composite's -0.3% change. The Zacks Aerospace - Defense industry, to which Leidos belongs, has gained 0.2% over this period. Now the key question is: Where could the stock be headed in the near term? Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the pr ...

Prior to today's trading, shares of the security and engineering company had gained 2.99% over the past month. This has outpaced the Aerospace sector's loss of 1.18% and the S&P 500's gain of 1.96% in that time. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Aerospace - Defense industr ...

The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $4.01 billion, up 4.5% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial ...

Leidos (LDOS) closed at $148.96 in the latest trading session, marking a -0.64% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.28%. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.4%. Investors will be eagerly watching for the performance of Leidos in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2024. It is anticipated that the company will report an EPS of $2.26, marking a 25.56% ri ...