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Why Engility Holdings' Shares Popped

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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.

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  • Report this Comment On March 19, 2013, at 4:41 PM, studentforlife13 wrote:

    I know why Engility has gained so much profit and jump this quarter and it’s not good news. I know some employees of this company and changes this year have included Engility’s refusal to give any raises to employees, cut education benefits for two years, decreased cost of living allowance in regions and taken away 401k matching all together, which was giving employees stake in the company. Over the short term this may look like success but in the long term this will have huge impact to the success because this company is purely service based and ALL of its revenue is based on what its employees provide. If this company does not take care of its employees then eventually this company will lose those valuable assets, reputation and credibility in the long term.

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Related Tickers

9/27/2016 9:46 AM
EGL $31.64 Down -0.17 -0.53%
Engility Holdings CAPS Rating: ***