Defense, intelligence, and IT solutions provider CACI International (NYSE: CACI) will be reporting results this Wednesday after market close. Here’s what investors should know.
CACI beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $2.17 billion, up 11.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ backlog estimates and an impressive beat of analysts’ EBITDA estimates.
Is CACI a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting CACI’s revenue to grow 12.4% year on year to $2.29 billion, slowing from the 19.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.63 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CACI has missed Wall Street’s revenue estimates twice over the last two years.
Looking at CACI’s peers in the defense contractors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. BWX delivered year-on-year revenue growth of 12.1%, beating analysts’ expectations by 7.2%, and General Dynamics reported revenues up 8.9%, topping estimates by 5.7%. General Dynamics traded up 5.7% following the results.
Read our full analysis of BWX’s results here and General Dynamics’s results here.
Investors in the defense contractors segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. CACI is down 7.6% during the same time and is heading into earnings with an average analyst price target of $516.15 (compared to the current share price of $466.68).
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