Science Applications Intl Q4 Adj EPS $1.43 Misses $1.46 Estimate, Sales $1.74B Beat $1.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Science Applications Intl (SAIC) reported Q4 adjusted EPS of $1.43, missing the $1.46 estimate, and sales of $1.74B, beating the $1.64B estimate. This represents a 29.9% decrease in EPS and an 11.74% decrease in sales from the same period last year.
March 18, 2024 | 11:01 am
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NEGATIVE IMPACT
SAIC reported a Q4 adjusted EPS of $1.43, missing estimates, but sales of $1.74B exceeded expectations. EPS and sales saw significant year-over-year declines.
The miss on the EPS estimate and the significant year-over-year decline in both EPS and sales are likely to negatively impact investor sentiment in the short term. While the beat on sales provides some positive news, the overall financial performance suggests potential challenges ahead for SAIC, leading to a negative outlook on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100