Movement Alert｜Leidos Falls 5.73% in Pre-Market Trading, revenue miss and weaker full-year sales outlook overshadow EPS beat

Market Focus11-04

On November 4, Leidos fell 5.73% in Pre-Market Trading, trading at $132.0 per share, with turnover of $67,700.

The move followed its latest quarterly results and updated outlook: adjusted Q3 EPS was $3.62, above the $3.03 consensus, but revenue was $4.630 billion, below the $4.714 billion estimate. The company also guided full-year revenue to $18.00 billion-$18.20 billion, below the $18.31 billion market expectation, while adjusted EPS guidance of $12.50-$12.70 was above the $12.40 consensus.

Later on November 4, BNP Paribas raised its price target on Leidos to $170 from $150. However, the immediate share-price pressure appears more closely tied to the revenue shortfall and softer top-line guidance than to the target increase.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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