Science Applications International Corporation (NASDAQ:SAIC) Overview and Financial Performance

Science Applications International Corporation (NASDAQ:SAIC) is a leading provider of technical, engineering, and IT services, primarily serving U.S. government agencies. Founded in 1969 and headquartered in Reston, Virginia, SAIC has established itself as a key player in the defense and IT services sectors. The company works with various branches of the U.S. military, Department of Defense agencies, NASA, and other federal entities.

The consensus price target for SAIC has remained stable at $130 over the past month and quarter, slightly down from $133.11 a year ago. This stability suggests a consistent outlook from analysts. However, Barclays analyst Colin Canfield has set a lower price target of $95, indicating a more cautious view of the stock's potential.

SAIC is set to announce its earnings on June 2, 2025. Historically, the stock has shown favorable one-day returns following earnings releases, which may interest event-driven traders. Despite the positive outlook for earnings growth, the company may not meet all the factors necessary for an earnings beat, as highlighted by Zacks.

SAIC recently reported an EPS of $2.57 and quarterly sales of $1.84 billion, demonstrating strong cash flow and profit margins. However, the company faces short-term revenue pressures and execution risks, impacting investor confidence. Despite these challenges, SAIC's stock has risen by 3.3% since its last earnings report, reflecting some investor optimism.

The upcoming earnings release and conference call will provide further insights into SAIC's financial performance and strategic direction. Investors should monitor these developments closely, as they could influence the stock's valuation and future price targets.