What To Expect From CACI’s (CACI) Q3 Earnings

Defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) will be reporting earnings tomorrow after market hours. Here’s what investors should know.

CACI beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $2.04 billion, up 19.7% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ backlog sales and operating margin 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 3.9% year on year to $1.92 billion, slowing from the 15.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.04 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 aerospace and defense segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Byrna delivered year-on-year revenue growth of 194%, meeting analysts’ expectations, and Hexcel reported revenues up 8.8%, falling short of estimates by 1.3%. Byrna traded down 18.4% following the results.

Read our full analysis of Byrna’s results here and Hexcel’s results here.

There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 2.3% on average over the last month. CACI is up 8.3% during the same time and is heading into earnings with an average analyst price target of $524.60 (compared to the current share price of $532.16).

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