SAIC (Science Applications International Corporation) reported quarterly earnings of $1.50 per share for the period ended January 2022, exceeding the Zacks Consensus Estimate of $1.18 per share but down from $1.67 per share a year earlier. The company’s quarterly revenue totaled $1.78 billion, surpassing estimates by 0.77% and up from $1.72 billion year-over-year. SAIC has consistently exceeded earnings and revenue estimates over the past four quarters.
In the current quarter, consensus expectations project earnings of $1.69 per share on revenues of $1.91 billion. For the fiscal year, the estimates stand at $7.01 per share on $7.59 billion in revenues. SAIC’s stock has gained approximately 9.7% since the start of the year, contrasting with a 4.7% decline in the S&P 500.
