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Science Applications International Expected to Report Decrease in Q4 Earnings; Updated Forecasts from Top Wall Street Analysts

BySamantha Johnson

Mar 18, 2024
Science Applications International Expected to Report Decrease in Q4 Earnings; Updated Forecasts from Top Wall Street Analysts

Science Applications International Corporation (NASDAQ: SAIC) is set to announce its fourth-quarter earnings on March 18, 2024. Analysts are forecasting earnings of $1.46 per share, down from $2.04 per share in the same period last year. Revenue is expected to come in at $1.64 billion, a decrease from $1.97 billion in the previous year.

The company’s board of directors recently declared a cash dividend of 37 cents per share, payable on April 26, 2024, to stockholders of record on April 12, 2024. SAIC shares closed at $142.64 on Friday, falling by 0.4%.

Benzinga readers can access the latest ratings from analysts on the Analyst Stock Ratings page, where they can sort by stock ticker, company name, analyst firm, rating change, or other variables. Wall Street’s most accurate analysts have recently updated their forecasts for SAIC.

Truist Securities analyst Tobey Sommer maintained a Hold rating and raised the price target from $115 to $130 on December 5, 2023, with an accuracy rate of 75%. JP Morgan analyst Seth Seifman downgraded the stock from Overweight to Neutral and increased the price target from $130 to $142 on the same day, with an accuracy rate of 84%. Wells Fargo analyst Sarah Akers kept an Equal-Weight rating and raised the price target from $116 to $141 on December 5, 2023, with a 66% accuracy rate. Stifel analyst Bert Subin reiterated a Hold rating with a price target of $115 on October 2, 2023, with an accuracy rate of 60%. Citigroup analyst Jason Gursky maintained a Buy rating and reduced the price target from $141 to $127 on April 4, 2023, with a 72% accuracy rate.

Overall, SAIC is expected to report lower earnings for the fourth quarter, compared to the same period last year. Investors can stay updated on the latest forecasts and analyst ratings through Benzinga’s platform.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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