Science Applications International Prepares for Fourth Quarter Earnings

Science Applications International Corporation Set for Earnings Release
Science Applications International Corporation (NASDAQ: SAIC) is poised to unveil its fourth-quarter financial results shortly. The announcement will occur before the opening bell, highlighting the company's recent performances and forecasts.
Quarterly Earnings Expectations
Analysts are predicting that Science Applications International will report impressive quarterly earnings of $2.09 per share, which signifies growth compared to last year's $1.43 per share. The anticipated quarterly revenue is expected to reach $1.81 billion, a slight increase from $1.74 billion reported a year ago.
New Strategic Partnership
A key development for Science Applications International is its recent partnership with Defense Unicorns. This collaboration aims to enhance the delivery of secure and scalable software solutions tailored for the Department of Defense. Such strategic moves underscore the company's commitment to strengthening its position in the defense technology sector.
Recent Stock Performance
On the stock market, shares of Science Applications International fell by 0.4%, closing at $104.26. This fluctuation reflects broader market trends and investor sentiments leading up to the earnings announcement.
Analyst Ratings Overview
As investors consider the potential of SAIC stock, understanding recent analyst ratings can provide valuable insights. Here are some noteworthy updates from analysts regarding Science Applications International:
- Wells Fargo analyst Matthew Akers has maintained an Overweight rating but reduced the price target from $149 to $139, reflecting cautious optimism about the company's future.
- TD Cowen analyst Gautam Khanna downgraded the stock from Buy to Hold, lowering the price target from $155 to $120, indicating a more conservative outlook.
- JP Morgan's Seth Seifman retained an Overweight rating while adjusting the price target from $170 to $148, demonstrating confidence in the company's growth prospects.
- Citigroup's Jason Gursky has kept a Buy rating but raised the price target from $160 to $176, suggesting that the analysts see potential upside in the stock.
- Barclays analyst David Strauss has maintained an Equal-Weight rating, previously increasing the price target from $135 to $150, reflecting stable performance expectations.
Investing Considerations for Potential Buyers
For those considering buying shares of Science Applications International, these analysts' assessments provide a balanced view of the stock's potential. With the upcoming earnings report and strategic developments, investors might find opportunities to engage.
Frequently Asked Questions
What are the expected earnings for Science Applications International?
The company is anticipated to report earnings of $2.09 per share for the fourth quarter.
What revenue is Science Applications International projected to achieve?
The expected quarterly revenue is around $1.81 billion, a rise from the previous year's $1.74 billion.
What recent partnership has Science Applications International announced?
They have entered a strategic partnership with Defense Unicorns to enhance software capabilities for the Department of Defense.
What has been the recent stock performance of SAIC?
The shares dropped by 0.4% to close at $104.26 as of the latest trading session.
What are analysts currently saying about SAIC?
Analysts display mixed sentiments, with ratings ranging from Overweight to Hold, suggesting varying opinions on the stock's future performance.
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