Zacks Investment Research | Jun 08, 2016 10:37PM ET
Science Applications International Corporation (NYSE:SAIC) is set to report first-quarter fiscal 2017 results on Jun 13. Last quarter, the company posted a positive earnings surprise of 15.6%. Let us see how things are shaping up for this announcement.
Factors to Consider
Science Applications serves the U.S. federal, state and local government agencies as well as foreign governments. Since its inception in 1969, SAIC has utilized its domain knowledge to solve critical problems in areas such as national security, energy and the environment, critical infrastructure, and health.
The company delivered mixed fourth quarter fiscal 2016 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same.
Moving forward, SAIC’s revenues are expected to get a major boost from the continuous contract wins. The company has a huge pipeline of new projects and continues to win deals at regular intervals. These contracts are key growth catalysts for the company.
However, competition from companies such as Accenture plc (NYSE:ACN) and Booz Allen Hamilton Holding Corporation remains a headwind.
Earnings Whispers?
Our proven model does not conclusively show that SAIC will beat estimates this quarter. This is because a stock needs to have both a positive Zacks Investment Research
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