Recap: CACI International Q2 Earnings
Portfolio Pulse from Benzinga Insights
CACI International (NYSE:CACI) reported Q2 earnings with an EPS of $4.36, missing estimates by 2.46% against the expected $4.47. However, revenue increased by $185 million compared to the same period last year. Despite missing last quarter's EPS estimate by $0.19, CACI's share price increased by 1.55% the following day. Historical earnings and revenue figures were also provided for comparison.
January 24, 2024 | 9:25 pm
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CACI International reported a slight miss in Q2 earnings with an EPS of $4.36, missing the estimate by 2.46%. Revenue growth was strong, increasing by $185 million from the previous year.
While CACI missed the EPS estimate, the increase in revenue suggests a positive outlook, which may balance investor sentiment. Historical data shows that a previous earnings miss did not prevent a subsequent increase in share price, indicating that the market may not react negatively to a small earnings miss. Therefore, the short-term impact on CACI's stock price is likely to be neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100