SAIC (NYSE: SAI ) reported earnings on June 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), SAIC beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted.
Margins shrank across the board.
SAIC recorded revenue of $2.78 billion. The 12 analysts polled by S&P Capital IQ looked for revenue of $2.69 billion on the same basis. GAAP reported sales were 3.5% higher than the prior-year quarter's $2.69 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.35. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. GAAP EPS of $0.35 for Q1 were 2.8% lower than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 12.0%, 30 basis points worse than the prior-year quarter. Operating margin was 7.5%, 110 basis points worse than the prior-year quarter. Net margin was 4.2%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.64 billion. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $10.83 billion. The average EPS estimate is $1.34.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 722 members out of 772 rating the stock outperform, and 50 members rating it underperform. Among 160 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 152 give SAIC a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SAIC is hold, with an average price target of $13.88.
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