For its first fiscal quarter (ending March 31), Leidos Holdings Inc (NYSE: LDOS) has reported a 77% increase in E.P.S. from $1.18 a year ago to $2.09 in the current quarter. This result exceeded the consensus estimate of $1.96 by $0.14. For the latest four quarters through March 31, E.P.S. were $2.36 versus $4.90 for the same period a year ago — a decline of -52%.
Recent Price Action
On 4/30/24, Leidos Holdings Inc (NYSE: LDOS) stock enjoyed a very large increase of 6.5%, closing at $140.22. Moreover, trading volume in this advance was exceptionally high at 417% of normal. The stock has risen 11.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LDOS is expected to continue to be a major Value Builder.
Leidos Holdings has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Leidos Holdings has a poor Appreciation Score of 21 but a very high Power Rating of 86, producing the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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