Defense, intelligence, and IT solutions provider CACI International (NYSE: CACI) will be reporting earnings this Wednesday after market hours. Here’s what to expect.
CACI missed analysts’ revenue expectations last quarter, reporting revenues of $2.22 billion, up 5.7% year on year. It was a satisfactory quarter for the company, with full-year EPS guidance slightly topping analysts’ expectations but a significant miss of analysts’ revenue estimates.
Is CACI a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting CACI’s revenue to grow 8.8% year on year, slowing from the 11.8% increase it recorded in the same quarter last year.
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 rarely misses Wall Street’s revenue estimates.
Looking at CACI’s peers in the aerospace and defense segment, some have already reported their Q1 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 24.6%, beating analysts’ expectations by 4.1%, and Byrna reported revenues up 10.9%, falling short of estimates by 2.3%. AAR traded up 9.9% following the results while Byrna was down 38.3%.
Read our full analysis of AAR’s results here and Byrna’s results here.
There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 11.6% on average over the last month. CACI is down 10.7% during the same time and is heading into earnings with an average analyst price target of $704.85 (compared to the current share price of $525.95).
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