A month has gone by since the last earnings report for Leidos (LDOS). Shares have lost about 2.4% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Leidos due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
It turns out, fresh estimates have trended upward during the past month.
Currently, Leidos has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Leidos has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Leidos belongs to the Zacks Aerospace - Defense industry. Another stock from the same industry, Northrop Grumman (NOC), has gained 0.9% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Northrop Grumman reported revenues of $10.69 billion in the last reported quarter, representing a year-over-year change of +0.5%. EPS of $6.39 for the same period compares with $6.27 a year ago.
Northrop Grumman is expected to post earnings of $6.33 per share for the current quarter, representing a year-over-year change of +0.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.2%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Northrop Grumman. Also, the stock has a VGM Score of A.
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Leidos Holdings, Inc. (LDOS) : Free Stock Analysis Report
Northrop Grumman Corporation (NOC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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