Analysts on Wall Street project that CACI International (CACI) will announce quarterly earnings of $4.50 per share in its forthcoming report, representing an increase of 5.1% year over year. Revenues are projected to reach $1.83 billion, increasing 11.1% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it’s common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts’ forecasts for key metrics can yield valuable insights.
Given this perspective, it’s time to examine the average forecasts of specific CACI International metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts’ assessment points toward ‘Revenues by Expertise or Technology- Expertise’ reaching $860.28 million. The estimate indicates a change of +16% from the prior-year quarter.
Analysts expect ‘Revenues by Expertise or Technology- Technology’ to come in at $953.96 million. The estimate points to a change of +5.1% from the year-ago quarter.
Analysts forecast ‘Revenues by Customer Group- Commercial and other’ to reach $159.46 million. The estimate indicates a change of +78% from the prior-year quarter.
According to the collective judgment of analysts, ‘Revenues by Customer Group- Federal Civilian Agencies’ should come in at $399.35 million. The estimate points to a change of -0.1% from the year-ago quarter.
It is projected by analysts that the ‘Revenues by Customer Group- Department of Defense’ will reach $1.26 billion. The estimate indicates a year-over-year change of +8.2%.
The average prediction of analysts places ‘Total Revenue – Organic Growth (YOY)’ at 10.8%. Compared to the current estimate, the company reported 6% in the same quarter of the previous year.
View all Key Company Metrics for CACI International here>>>
CACI International shares have witnessed a change of +4.5% in the past month, in contrast to the Zacks S&P 500 composite’s +0.9% move. With a Zacks Rank #3 (Hold), CACI is expected closely follow the overall market performance in the near term. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
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