Published on 1 May 2024 on Zacks via Yahoo Finance
Have you been paying attention to shares of Leidos (LDOS)? Shares have been on the move with the stock up 8.7% over the past month. The stock hit a new 52-week high of $140.91 in the previous session. Leidos has gained 29.6% since the start of the year compared to the -5.4% move for the Zacks Aerospace sector and the -10% return for the Zacks Aerospace - Defense industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 30, 2024, Leidos reported EPS of $2.29 versus consensus estimate of $1.65 while it beat the consensus revenue estimate by 4.68%.