SAIC (SAIC) Q3 Earnings and Revenues Surpass Estimates

Core Viewpoint - SAIC reported quarterly earnings of $2.61 per share, exceeding the Zacks Consensus Estimate of $2.17 per share, and showing an increase from $2.27 per share a year ago, representing an earnings surprise of 20.28% [1][2] Financial Performance - The company achieved revenues of $1.98 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 2.32% and up from $1.9 billion year-over-year [2] - Over the last four quarters, SAIC has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - Current consensus EPS estimate for the upcoming quarter is $2.07 on revenues of $1.8 billion, and for the current fiscal year, it is $8.21 on revenues of $7.4 billion [8] Industry Context - The Computers - IT Services industry, to which SAIC belongs, is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]