Financial News
CACI (CACI) To Report Earnings Tomorrow: Here Is What To Expect
Defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) will be reporting earnings tomorrow afternoon. Here’s what to expect.
CACI beat analysts’ revenue expectations by 7% last quarter, reporting revenues of $2.06 billion, up 11.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ backlog and EBITDA estimates.
Is CACI a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting CACI’s revenue to grow 11.3% year on year to $2.04 billion, in line with the 11.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.20 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CACI has missed Wall Street’s revenue estimates twice over the last two years.
Looking at CACI’s peers in the aerospace and defense segment, only AAR has reported results so far. It beat analysts’ revenue estimates by 4.9%, delivering year-on-year sales growth of 25.8%. The stock traded up 8.6% on the results.
Read our full analysis of AAR’s earnings results here.There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 4.6% on average over the last month. CACI is up 11.8% during the same time and is heading into earnings with an average analyst price target of $516 (compared to the current share price of $453).
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