Leidos Holdings (NYSE:LDOS) reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Leidos Holdings beat estimated earnings by 5.33%, reporting an EPS of $1.58 versus an estimate of $1.5.
Revenue was up $179.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 4.99% increase in the share price the next day.
Here's a look at Leidos Holdings's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.60 | 1.62 | 1.58 | 1.48 |
| EPS Actual | 1.56 | 1.80 | 1.52 | 1.73 |
| Revenue Estimate | 3.51B | 3.60B | 3.38B | 3.25B |
| Revenue Actual | 3.49B | 3.48B | 3.45B | 3.31B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Leidos Holdings management provided guidance for FY 2022, expecting earnings between $6.1 and $6.5 per share.
To track all earnings releases for Leidos Holdings visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
