CACI International (CACI) Tops Q1 EPS by 32c, Reiterates FY Guidance
CACI International (NYSE: CACI) reported Q1 EPS of $1.37, $0.32 better than the analyst estimate of $1.05. Revenue for the quarter came in at $822.4 million versus the consensus estimate of $803.66 million.
CACI Reiterates Its FY16 Guidance
We are reiterating the FY16 guidance we issued on August 12, 2015. The favorable variance in the first quarter compared to our initial expectations was due primarily to timing related to award fees, performance on various programs, and some product sales. This resulted in recognition of income earlier than planned for this fiscal year. The table below summarizes our FY16 guidance ranges and represents our views as of October 28, 2015:
(In millions except for tax rate and earnings per share) | FY 2016 Guidance | ||
| Revenue | $3,300 - $3,500 | ||
| Net income attributable to CACI | $130 - $140 | ||
| Effective corporate tax rate | 38.5% | ||
| Diluted earnings per share | $5.24 - $5.65 | ||
| Diluted weighted average shares | 24.8 | ||
For earnings history and earnings-related data on CACI International (CACI) click here.