Defense, intelligence, and IT solutions provider CACI International (NYSE: CACI) will be reporting results this Wednesday afternoon. Here’s what to expect.
CACI beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $2.30 billion, up 13% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ backlog estimates.
Is CACI a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting CACI’s revenue to grow 10.1% year on year to $2.26 billion, slowing from the 11.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.18 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CACI has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4% on average.
Looking at CACI’s peers in the aerospace and defense segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 11.8%, beating analysts’ expectations by 7.4%, and Byrna reported revenues up 35.1%, in line with consensus estimates. AAR traded up 4.2% following the results while Byrna was also up 15.6%.
Read our full analysis of AAR’s results here and Byrna’s results here.
Investors in the aerospace and defense segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. CACI is up 5% during the same time and is heading into earnings with an average analyst price target of $576.36 (compared to the current share price of $526.84).
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