Stock Analysis

Science Applications International Third Quarter 2023 Earnings: Beats Expectations

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NYSE:SAIC
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Science Applications International (NYSE:SAIC) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$1.91b (flat on 3Q 2022).
  • Net income: US$80.0m (up 13% from 3Q 2022).
  • Profit margin: 4.2% (up from 3.7% in 3Q 2022).
  • EPS: US$1.46 (up from US$1.24 in 3Q 2022).
earnings-and-revenue-growth
NYSE:SAIC Earnings and Revenue Growth December 6th 2022

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

Science Applications International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Be aware that Science Applications International is showing 1 warning sign in our investment analysis that you should know about...

What are the risks and opportunities for Science Applications International?

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States.

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Rewards

  • Trading at 32.5% below our estimate of its fair value

  • Earnings are forecast to grow 5.91% per year

Risks

  • Has a high level of debt

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