Leidos Holdings Q1 2024 Adj EPS $2.29 Beats $1.70 Estimate, Sales $3.975B Beat $3.818B Estimate
Portfolio Pulse from Benzinga Newsdesk
Leidos Holdings (NYSE:LDOS) reported Q1 2024 adjusted EPS of $2.29, surpassing the $1.70 estimate, with sales of $3.975B also beating the $3.818B estimate, marking a 7.46% increase over the previous year.
April 30, 2024 | 10:01 am
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Leidos Holdings reported a significant beat on both earnings per share and sales for Q1 2024, with adjusted EPS at $2.29 against estimates of $1.70 and sales of $3.975B exceeding estimates of $3.818B.
Leidos Holdings' significant outperformance in both earnings per share and sales compared to analyst estimates suggests a strong operational performance and potentially higher investor confidence in the short term. The substantial beat on these key financial metrics, especially with a 7.46% year-over-year sales growth, indicates robust business health and could lead to positive stock price movement as the market reacts to these better-than-expected results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100