NATIONAL HARBOR, Md., Aug. 6, 2024 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 innovation company, hosted over 170 partners and suppliers at its seventh annual Supplier Innovation & Technology Symposium Tuesday to discuss, plan and think big about how emerging technologies like AI can help solve customers' challenges. "Emerging tech like AI is advancing at a rapid speed, and this symposium demonstrates that together with our partners and suppliers, Leidos is poised to harness the best innovations to ...

RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- WHAT: Carahsoft Technology Corp,. The Trusted Government IT Solutions Provider®, is serving as the Ultraviolet Sponsor of the 2024 Leidos Supplier Innovation & Technology Symposium. Carahsoft will be joined by 100+ of its technology and reseller partners at the Gaylord National Resort & Conference Center on Tuesday, August 6th. The event brings together Leidos' key decision makers, technology leaders and top suppliers to share the latest advancements, industry ...

RESTON, Va., Aug. 5, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS), a Fortune 500®innovation leader, has been awarded a $276 million task order to support the Department of Defense (DOD) Information Analysis Center to conduct research and development (R&D) of critical minerals and materials for use in munitions and to promote energetics supply chain resiliency. Leidos was awarded this contract under the Department of Defense Information Analysis Center's (DoDIAC) multiple-award contract (MAC) vehicle. These IAC M ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth S ...

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Leidos (LDOS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question. Leidos is one of 46 companies in the Aerospace group. The Aerospace group currently sits at #8 wit ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

Earnings Performance - Leidos Holdings reported better-than-expected Q2 fiscal 2024 earnings with revenue growth of 8% YoY to $4.13 billion, surpassing the analyst consensus estimate of $4.06 billion [1] - Adjusted EPS for Q2 fiscal 2024 was $2.63, up 46% YoY, exceeding the analyst consensus estimate of $2.27 [1] Revenue and EPS Guidance - Leidos expects fiscal 2024 revenue to be in the range of $16.1 billion to $16.4 billion, slightly higher than the prior range of $16.0 billion to $16.4 billion [2] - The company raised its fiscal 2024 adjusted EPS guidance to $8.60 - $9.00, up from the prior range of $8.40 - $8.80, compared to the consensus estimate of $8.82 [2] Analyst Reactions - RBC Capital maintained a Sector Perform rating on Leidos but raised the price target from $140 to $145 [3] - JP Morgan maintained an Overweight rating on the stock and increased the price target from $165 to $175 [3] Market Performance - Leidos shares fell 2% to $143.04 following the earnings announcement [2]

Revenue Performance - Revenues for the three months ended June 28, 2024, increased to $561 million, a 2.6% increase from $547 million for the same period in 2023[91] - Revenues for the six months ended June 28, 2024, reached $1,070 million, reflecting a 3.3% increase from $1,036 million for the same period in 2023[91] Operating Income - Operating income for the three months ended June 28, 2024, was a loss of $11 million, a decrease of 132.4% compared to an income of $34 million for the same period in 2023[91] - Operating income for the six months ended June 28, 2024, was $23 million, down 51.1% from $47 million for the same period in 2023[91] Assets and Liabilities - Total current assets as of June 28, 2024, were $2,520 million, an increase from $2,464 million as of December 29, 2023[101] - Total assets as of June 28, 2024, amounted to $9,516 million, up from $9,222 million as of December 29, 2023[101] - Total current liabilities as of June 28, 2024, increased to $2,531 million from $1,983 million as of December 29, 2023[101] Net Income - Net income attributable to Leidos common stockholders for the six months ended June 28, 2024, was $89 million[102] Future Outlook - The company has a backlog of contracts that is expected to contribute to future revenue growth, although specific figures were not disclosed[90] - The company continues to evaluate market opportunities for expansion and new product development, focusing on efficiencies and program wins[90]

Leidos Holdings, Inc. (NYSE:LDOS) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET Company Participants Stuart Davis - Investor Relations Tom Bell - Chief Executive Officer Chris Cage - Chief Financial Officer Conference Call Participants Mariana Perez Mora - Bank of America Matt Akers - Wells Fargo David Strauss - Barclays Cai von Rumohr - TD Cowen Peter Arment - Baird Jeremy Jason - Citi Ken Herbert - RBC Noah Poponak - Goldman Sachs Operator Greetings. Welcome to Leidos' Second Quarter 2024 Earn ...

The year-over-year upside was driven by increased volumes and higher earned incentives on managed health services and improved cost control across the company. The company recorded a total backlog of $36.49 billion, down from $36.57 billion in the first quarter of 2024. Of this amount, $8.02 billion was funded. Leidos Holdings, Inc.'s (LDOS) second-quarter 2024 adjusted earnings of $2.63 per share beat the Zacks Consensus Estimate of $2.26 by 16.4%. The bottom line also increased 46.1% from $1.80 registered ...