Why Leidos (LDOS) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Leidos (LDOS) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations in previous quarters [1]. Group 1: Earnings Performance - Leidos has a solid track record of surpassing earnings estimates, with an average surprise of 29.10% over the last two quarters [2]. - In the last reported quarter, Leidos achieved earnings of $2.37 per share, exceeding the Zacks Consensus Estimate of$2.18 per share by 8.72% [3]. - In the previous quarter, the company reported earnings of $2.93 per share against an expectation of$1.96 per share, resulting in a surprise of 49.49% [3]. Group 2: Earnings Estimates and Predictions - Recent favorable changes in earnings estimates for Leidos indicate a positive Earnings ESP (Expected Surprise Prediction), which is a strong indicator of a potential earnings beat [6]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests that stocks like Leidos have a nearly 70% chance of producing a positive surprise [7]. - Leidos currently has an Earnings ESP of +1.15%, reflecting a bullish sentiment among analysts regarding the company's earnings prospects [9].