Leidos Holdings Expects FY23 Revenue of $15.1B-$15.3B (Prior $14.9B-$15.2B) Vs $15.12B Est, Adj EPS $6.80-$7.10 (Prior $6.40-$6.80) Vs $6.68 Est
Portfolio Pulse from Benzinga Newsdesk
Leidos Holdings has updated its fiscal year 2023 guidance, expecting revenues of $15.1B-$15.3B, up from the prior estimate of $14.9B-$15.2B. The company also anticipates an adjusted EPS of $6.80-$7.10, higher than the previous forecast of $6.40-$6.80.
October 31, 2023 | 10:08 am
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Leidos Holdings has raised its FY23 revenue and EPS guidance, which could positively impact its stock price.
Companies often see their stock prices increase when they raise their financial guidance, as it signals stronger future performance than previously expected. Therefore, Leidos' updated FY23 guidance could lead to a short-term increase in its stock price.
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