CACI International (CACI) Surges 7.1%: Is This an Indication of Further Gains?

Company Overview - CACI International (CACI) shares increased by 7.1% to $353.02 in the last trading session, following a period of 14.4% loss over the past four weeks [1] - The stock experienced higher-than-average trading volume during this upswing [1] Market Drivers - The increase in CACI's stock price is attributed to optimism regarding potential military spending increases in Europe, particularly with the European Union's upcoming "rearm Europe plan" [2] - The U.K. has announced plans to raise defense spending as a percentage of GDP in the coming years [2] Earnings Expectations - CACI is projected to report quarterly earnings of $5.63 per share, reflecting a year-over-year decline of 1.9% [3] - Expected revenues for the quarter are $2.15 billion, which represents an 11.1% increase compared to the same quarter last year [3] Earnings Estimate Revisions - The consensus EPS estimate for CACI has been revised down by 0.9% over the last 30 days [4] - A negative trend in earnings estimate revisions typically does not lead to price appreciation, indicating caution for future stock performance [4] Industry Context - CACI operates within the Zacks Computer - Services industry, where another company, Forian Inc. (FORA), saw a 2.9% decline in its stock price, with a -9.2% return over the past month [4] - Forian's consensus EPS estimate has remained unchanged at $0.02, representing a 50% decrease compared to the previous year [5]