Science Applications International Third Quarter 2023 Earnings: Beats Expectations

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).

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?

NYSE:SAIC

Science Applications International

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

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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

View all Risks and Rewards

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