Leidos Surpasses Q4 Expectations, Eyes Solid Growth In 2024 With Revenue And EPS Surge
Portfolio Pulse from Anusuya Lahiri
Leidos Holdings, Inc (NYSE:LDOS) reported a strong performance in Q4 FY23 with an 8% year-over-year revenue growth to $3.98 billion, surpassing the consensus of $3.80 billion. Adjusted EPS rose by 9% to $1.99, beating the consensus of $1.74. The company also saw an 8% increase in adjusted net income to $276 million and a 14% increase in adjusted EBITDA to $452 million. Looking ahead, Leidos anticipates fiscal 2024 revenue to be between $15.70 billion and $16.10 billion, with adjusted EPS expected to range from $7.50 to $7.90. Shares of LDOS were up 3.96% in premarket trading.
February 13, 2024 | 12:43 pm
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Leidos Holdings, Inc reported a strong Q4 FY23 performance with significant year-over-year growth in revenue, adjusted EPS, and adjusted EBITDA. The company's outlook for fiscal 2024 is optimistic, expecting revenue and adjusted EPS to exceed analyst consensus.
Leidos' strong Q4 performance and optimistic outlook for fiscal 2024, with expected revenue and EPS above analyst consensus, indicate a positive short-term impact on its stock price. The premarket share price increase of 3.96% further supports this positive outlook.
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IMPORTANCE 90
RELEVANCE 100