The upcoming report from CACI International (CACI) is expected to reveal quarterly earnings of $6.90 per share, indicating an increase of 10.8% compared to the year-ago period. Analysts forecast revenues of $2.35 billion, representing an increase of 8.3% year over year.
Over the last 30 days, there has been a downward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some CACI International metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenues by Expertise or Technology- Expertise' reaching $1.00 billion. The estimate indicates a year-over-year change of +2.9%.
It is projected by analysts that the 'Revenues by Customer Group- Federal Civilian Agencies' will reach $441.24 million. The estimate indicates a change of +2.3% from the prior-year quarter.
Analysts expect 'Revenues by Customer Group- Department of Defense' to come in at $1.50 billion. The estimate indicates a year-over-year change of -9.3%.
Analysts forecast 'Revenues by Expertise or Technology- Technology' to reach $1.38 billion. The estimate suggests a change of +15.6% year over year.
The collective assessment of analysts points to an estimated 'Total Revenue - Organic Growth (YOY)' of 7.4%. The estimate compares to the year-ago value of 5.6%.
View all Key Company Metrics for CACI International here>>>Shares of CACI International have demonstrated returns of -11.4% over the past month compared to the Zacks S&P 500 composite's +9.3% change. With a Zacks Rank #4 (Sell), CACI is expected to lag the overall market performance 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. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
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).