CACI International Third Quarter 2024 Earnings: Beats Expectations

CACI International (NYSE:CACI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.94b (up 11% from 3Q 2023).
• Net income: US$115.4m (up 14% from 3Q 2023).
• Profit margin: 6.0% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$5.18 (up from US$4.37 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CACI International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 10% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for CACI International you should know about.

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