In its upcoming report, CACI International (CACI) is predicted by Wall Street analysts to post quarterly earnings of $6.45 per share, reflecting a decline of 5.8% compared to the same period last year. Revenues are forecasted to be $2.5 billion, representing a year-over-year increase of 9.2%.
The consensus EPS estimate for the quarter has been revised 1.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain CACI International metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues by Expertise or Technology- Expertise' will likely reach $978.43 million. The estimate suggests a change of -0.9% year over year.
Analysts expect 'Revenues by Customer Group- Federal Civilian Agencies' to come in at $427.55 million. The estimate indicates a year-over-year change of +3.8%.
According to the collective judgment of analysts, 'Revenues by Customer Group- Department of Defense' should come in at $1.30 billion. The estimate indicates a change of +10.3% from the prior-year quarter.
The consensus among analysts is that 'Revenues by Expertise or Technology- Technology' will reach $1.53 billion. The estimate indicates a year-over-year change of +17.3%.
Analysts' assessment points toward 'Total Revenue - Organic Growth (YOY)' reaching 1.9%. Compared to the present estimate, the company reported 5.5% in the same quarter last year.
View all Key Company Metrics for CACI International here>>>Shares of CACI International have experienced a change of -3.7% in the past month compared to the +2.4% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), CACI is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CACI International, Inc. (CACI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).