Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of government service provider Engility Holdings (NYSE: EGL ) jumped 20% today after the company reported earnings.
So what: Fourth-quarter revenue was $396 million, and adjusted earnings per share were $0.77, both ahead of the company's estimates. Analysts had set their earnings target at just $0.50, so the results were much better than Wall Street expected.
Now what: Despite budget cutbacks, the company appears to be doing fairly well. Funded backlog grew to $856 million from $788 million last quarter, a strong indication of future results. Shares traded at just 10 times forward earnings, and if this strong performance continues, I think shares will move higher.
Interested in more info on Engility Holdings? Add it to your watchlist by clicking here.