Leidos Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Leidos Holdings Inc LDOS.N reported quarterly adjusted earnings of $3.21​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.63. The mean expectation of fifteen analysts for the quarter was for earnings of $2.66 per share. Wall Street expected results to range from $2.49 to $2.77 per share.

• Revenue rose 2.9% to $4.25 billion from a year ago; analysts expected $4.24 billion.

• Leidos Holdings Inc's reported EPS for the quarter was $3.01​.

• The company reported quarterly net income of $391 million.

• Leidos Holdings Inc shares had risen by 2.0% this quarter and gained 11.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Leidos Holdings Inc is $175.00, about 8% above its last closing price of $160.95

This summary was machine generated from LSEG data August 5 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)