Wall Street’s Leading Analysts Predict Lower Q4 Earnings for Science Applications International – Recent Forecast Changes Revealed


Wall Street’s Leading Analysts Predict Lower Q4 Earnings for Science Applications International – Recent Forecast Changes Revealed

Science Applications International Corporation (SAIC) is set to announce its fourth-quarter earnings on March 18, 2024. Analysts are predicting earnings per share of $1.46, a decrease from the previous year. Revenue is also expected to drop to $1.64 billion compared to $1.97 billion in the year-ago quarter. The company’s board of directors has approved a dividend of 37 cents per share, payable on April 26, 2024.

Despite these projections, SAIC shares closed at $142.64 on Friday, showing a slight decline. Analysts from various firms have different opinions on the stock. Truist Securities analyst Tobey Sommer has maintained a Hold rating with a price target of $130. JP Morgan analyst Seth Seifman downgraded the stock to Neutral with a price target of $142. Wells Fargo analyst Sarah Akers also gave an Equal-Weight rating with a price target of $141. Stifel analyst Bert Subin reiterated a Hold rating with a target of $115, while Citigroup analyst Jason Gursky maintained a Buy rating with a price target of $127.

These forecast changes reflect the varying opinions of Wall Street’s most accurate analysts. It will be interesting to see how SAIC performs in the upcoming quarter and how the market reacts to the earnings report.

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