CACI International is projected to report significant earnings growth in Q2
Arlington: Analysts are buzzing about CACI International’s upcoming earnings report. They expect the company to announce earnings of $5.24 per share, which is a solid 20.2% increase from last year. Revenue is also looking good, projected to hit $1.99 billion, up 8.3% from the same quarter last year.
In the last month, analysts have raised their earnings estimates by 3%. This shows they’re feeling more optimistic about CACI’s performance. Before earnings are released, it’s crucial to keep an eye on these projections since they can really influence how investors react.
Investors often look at these consensus estimates to gauge how a company is doing. But digging into specific metrics can give even more insight. For instance, analysts predict that CACI’s revenue from expertise in technology will be around $966.97 million, marking a 13.8% increase year-over-year.
They also expect technology-related revenue to reach $1.03 billion, which is a 4.7% rise from last year. For the commercial and other customer groups, the estimate is a whopping $174.14 million, showing a massive 103.7% jump from the previous year.
When it comes to federal civilian agencies, analysts forecast revenue of $397.41 million, a slight increase of 1.9%. The Department of Defense is expected to contribute $1.43 billion, reflecting a 5% growth year-over-year.
Overall, analysts believe that CACI’s total revenue growth will be around 10.6%, which is a bit lower than the 11.2% reported in the same quarter last year. CACI’s shares have performed well lately, up 10.8% over the past month, while the broader market has dipped.
With a Zacks Rank of #2 (Buy), CACI seems poised to outperform the market soon. If you’re curious about more investment opportunities, Zacks has a list of top stocks to consider.
