Science Applications International Corporation (NASDAQ:SAIC) on Monday reported better-than-expected second-quarter financial results and raised its FY27 guidance.
SAIC reported quarterly earnings of $3.01 per share which beat the analyst consensus estimate of $2.31 per share. The company reported quarterly sales of $1.880 billion which beat the analyst consensus estimate of $1.766 billion.
SAIC raised its fiscal 2027 adjusted EPS outlook to a range of $10.65 to $10.75 (up from previous guidance of $9.90 to $10.10). The new guidance exceeds the analyst consensus estimate of $10.18.
The company increased its fiscal 2027 revenue guidance to a range $7.2 billion to $7.3 billion (up from prior forecast of $7 billion to $7.2 billion), compared with analyst expectations of $7.19 billion.
“I am proud of our team’s performance this quarter, delivering solid organic growth and double-digit margins as we continue to execute with discipline,” said Jim Reagan, SAIC Chief Executive Officer. “These results reflect our focus on operational excellence and our commitment to the targets we set for the year. We are raising our guidance to reflect our strong year-to-date performance, and we are transforming our enterprise to support our customers’ most critical missions, drive long-term growth and margin expansion, while continuing to invest in strengthening our capabilities.”
SAIC shares fell 0.7% to trade at $127.29 on Tuesday.
These analysts made changes to their price targets on SAIC following earnings announcement.
- UBS analyst Gavin Parsons maintained the stock with a Neutral and raised the price target from $108 to $123.
- Truist Securities analyst Tobey Sommer maintained the stock with a Hold and raised the price target from $110 to $130.
Considering buying SAIC stock? Here’s what analysts think:
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