CACI Earnings: What To Look For From CACI

Defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) will be reporting results tomorrow after market close. Here’s what to look for.

CACI beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $2.1 billion, up 14.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ backlog and 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 10.2% year on year to $2.13 billion, in line with the 11.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.58 per share.

Analysts covering the company have generally 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 Q1 results, giving us a hint as to what we can expect. RTX delivered year-on-year revenue growth of 5.2%, beating analysts’ expectations by 1.7%, and Lockheed Martin reported revenues up 4.5%, topping estimates by 1.1%.

Read our full analysis of RTX’s results here and Lockheed Martin’s results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, have had a good 2024. An economic soft landing (so far), the start of the Fed's rate cutting campaign, and the election of Donald Trump were positives for the market, and while some of the defense contractors stocks have shown solid performance, the group has generally underperformed, with share prices down 11.1% on average over the last month. CACI is up 12.9% during the same time and is heading into earnings with an average analyst price target of $487.09 (compared to the current share price of $420).

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