CACI International Earnings: Everything You Must Know Now
CACI International Inc. (NYSE:CACI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
CACI International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 1.89% to $1.56 in the quarter versus EPS of $1.59 in the year-earlier quarter.
Revenue: Decreased 3.79% to $912.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: CACI International Inc. reported adjusted EPS income of $1.56 per share. By that measure, the company missed the mean analyst estimate of $1.60. It missed the average revenue estimate of $927.88 million.
Quoting Management: Ken Asbury, CACI’s President and CEO, said, “Our fourth quarter results were in line with our guidance expectations and reflect our ability to adapt to an uncertain market. We grew revenue in our high-growth market areas of Business Systems, Cyberspace, Healthcare, and Integrated Security Solutions, and received half of our awards in the quarter from those same areas. In addition, we reduced our cost structure, which will drive efficiencies and preserve our margins. These actions position us to continue to be successful in meeting our customers’ high-priority mission requirements in an ongoing, sequestered environment.”
Key Stats (on next page)…