Leidos Earnings: Will They Follow Sector's Momentum?

Leidos, a defense contractor, is set to release its first quarter earnings this Tuesday. Despite expectations of flat revenue, the company has a history of crushing estimates on adjusted operating income. Recent peers in the defense sector, such as General Dynamics and RTX, have seen significant growth and stock price increases. However, Leidos shares have been down in the last month, trading around $149.56 against an average price target of $199.21. Investors will be watching to see if Leidos follows the sectors momentum or sets its own course. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c5c2e13dba590d8f