SAIC Goes Negative
SAIC (NYS: SAI) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), SAIC missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
SAIC logged revenue of $2.49 billion. The 11 analysts polled by S&P Capital IQ hoped for a top line of $2.70 billion on the same basis. GAAP reported sales were 3.1% lower than the prior-year quarter's $2.57 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.31. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share on the same basis. GAAP EPS were -$0.49 for Q4 compared to $0.36 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -0.2%, 1,260 basis points worse than the prior-year quarter. Operating margin was -4.5%, 1,260 basis points worse than the prior-year quarter. Net margin was -6.5%, 1,170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.69 billion. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $10.79 billion. The average EPS estimate is $1.38.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 719 members out of 769 rating the stock outperform, and 50 members rating it underperform. Among 175 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 167 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 $13.57.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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