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SAIC (NYSE: SAI) reported earnings on March 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), SAIC met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded significantly. GAAP earnings per share increased.
Margins grew across the board.
Revenue details
SAIC logged revenue of $2.71 billion. The 11 analysts polled by S&P Capital IQ expected to see sales of $2.71 billion on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $2.47 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.65. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.48 per share. Non-GAAP EPS of $0.65 for Q4 were 110% higher than the prior-year quarter's $0.31 per share. GAAP EPS were $0.54 for Q4 compared to -$0.47 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 12.2%, much better than the prior-year quarter. Operating margin was 6.7%, much better than the prior-year quarter. Net margin was 6.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $2.57 billion. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $10.33 billion. The average EPS estimate is $1.19.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 730 members out of 782 rating the stock outperform, and 52 members rating it underperform. Among 177 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 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 $12.42.
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