Movement Alert|Leidos Rises 6.97% in Pre-Market Trading, Q2 Earnings Beat Estimates on Both Top and Bottom Lines

Market Focus08-04

On August 4, Leidos rose 6.97% in pre-market trading, trading at $122.0/share. The move was driven by the company reporting Q2 results that significantly exceeded Wall Street expectations.

Leidos posted Q2 adjusted EPS of $3.26, beating the analyst consensus of $2.91 by 12.03%, while revenue of $4.558 billion topped the $4.437 billion estimate. The company also narrowed its full-year adjusted EPS guidance to $12.20-$12.50, raising the lower bound from the prior $12.10, versus the FactSet consensus of $12.33. The earnings beat follows a string of consecutive quarters outperforming estimates, with Q1 EPS of $3.13 also having surpassed the $2.90 consensus.

The results come amid a robust contract pipeline, including a recently awarded $717 million US Air Force task order for intelligence and reconnaissance support, and a $64.8 million Naval Intelligence IT modernization contract. The strong execution contrasts with analyst caution earlier this year, when multiple brokerages cut price targets citing healthcare portfolio uncertainty and DOGE-related defense spending concerns.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment