BUZZ-Leidos gains after upbeat annual revenue forecast
LDOS•Leidos shares rise after revenue outlook tops estimates
Defense contractor Leidos shares gain 1.9% to $121.01 in premarket trading.
The company forecasts annual revenue between $18.20 billion and $18.40 billion, the midpoint of which is more than Wall Street estimates of $18.25 billion.
LDOS also posts second-quarter adjusted EPS of $3.26 versus an estimate of $2.91, according to LSEG-compiled data.
Seven of 19 brokerages rate the stock “buy” or higher and 12 rate it “hold”; their median price target is $140.61, LSEG-compiled data show.
