Leidos Holdings, Inc. (NYSE:LDOS) is set to announce third quarter earning results on Monday 2nd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, LDOS to report 3Q20 income of $ 1.23 per share.
For the full year, analysts anticipate top line of $ 12398.10 million, while looking forward to income of $ 5.47 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 12,200.00 million ~ $ 12,600.00 million, where as bottomline are predicted in a range of $ 5.25 ~ $ 5.55 per share
Click Here For More Historical Outlooks Of Leidos Holdings, Inc.
Previous Quarter Performance
Leidos Holdings, Inc. disclosed income for the second quarter of $ 1.55 per share, from the revenue of $ 2,914.00 million. The quarterly earnings swell 33.62 percent while revenues increased 6.82 percent compared with the same quarter last year.
According to street consensus, LDOS was expected to report 2Q20 income of $ 1.08 per share from revenue of $ 3022.56 million. The bottom line results beat street analysts by $ 0.47 or 43.52 percent, at the same time, top line results fell short of analysts by $ 108.56 million or 3.59 percent.
Stock Performance
On Friday, shares of Leidos Holdings, Inc. has traded high as $ 83.37 and has cracked $ 81.28 on the downward trend, reaching $ 83.00 with volume of 1.48 million shares.
According to the previous trading day, closing price of $ 83.00, representing a 19.49 % increase from the 52 week low of $ 68.00 and a 35.43 % decrease over the 52 week high of $ 125.84.
The company has a market capital of $ 11.80 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 23rd September 2020, upgraded by Barclays to Overweight from Equal-Weight rating, with $ 110.00 target price.
- On 22nd September 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.34 per share on July 31, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Leidos Holdings, Inc. will be hosting a conference call at 8:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.leidos.com
Leidos Holdings, Inc. provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health.
