Seeking Clues to Leidos (LDOS) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Analysts on Wall Street project that Leidos (LDOS) will announce quarterly earnings of $2.61 per share in its forthcoming report, representing a decline of 10.9% year over year. Revenues are projected to reach $4.27 billion, increasing 1.8% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.In light of this perspective, let's dive into the average estimates of certain Leidos metrics that are commonly tracked and forecasted by Wall Street analysts.Analysts forecast 'Revenues- Health & Civil' to reach $1.26 billion. The estimate points to a change of +2.5% from the year-ago quarter.Analysts expect 'Revenues- National Security and Digital' to come in at $1.89 billion. The estimate suggests a change of +1.5% year over year.Based on the collective assessment of analysts, 'Revenues- Commercial & International' should arrive at $581.72 million. The estimate points to a change of +0.6% from the year-ago quarter.The consensus estimate for 'Revenues- Defense Systems' stands at $534.95 million. The estimate points to a change of +2.5% from the year-ago quarter.The combined assessment of analysts suggests that 'Non-GAAP operating income (loss)- Defense Systems' will likely reach $46.17 million. Compared to the present estimate, the company reported $53.00 million in the same quarter last year.Analysts predict that the 'Non-GAAP operating income (loss)- Health & Civil' will reach $260.68 million. Compared to the present estimate, the company reported $297.00 million in the same quarter last year.The average prediction of analysts places 'Non-GAAP operating income (loss)- National Security and Digital' at $184.62 million. Compared to the present estimate, the company reported $195.00 million in the same quarter last year.According to the collective judgment of analysts, 'Non-GAAP operating income (loss)- Commercial & International' should come in at $47.82 million. Compared to the present estimate, the company reported $51.00 million in the same quarter last year. View all Key Company Metrics for Leidos here>>> Shares of Leidos have demonstrated returns of -1.8% over the past month compared to the Zacks S&P 500 composite's +3.6% change. With a Zacks Rank #3 (Hold), LDOS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Leidos Holdings, Inc. (LDOS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks