Here's What to Expect From Leidos Holdings’ Next Earnings Report

Reston, Virginia-based Leidos Holdings, Inc. (LDOS) is a prominent technology, engineering, and science solutions company that delivers innovative services and systems that empower enterprises to tackle complex challenges. Valued at a market cap of $18.3 billion, Leidos leverages advanced technologies to drive progress across defense, healthcare, and civil operations. 

The company is set to release its Q1 earnings before the market opens on Tuesday, May. 6. Ahead of the event, analysts expect LDOS to report a profit of $2.47 per share on a diluted basis, up 7.9% from $2.29 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in each of its last four quarterly reports. Driven by solid revenue growth, disciplined cost management, and favorable contract performance, the company reported an adjusted EPS of $2.37 in the most recent quarter, surpassing the consensus estimates by 8.7%.