Science Applications International (SAIC) Stock

Science Applications has obtained a contract valued at $170.9 million from the Texas Department of Information Resources.

Science Applications has won a key role in the $1.8 billion contract for Personnel and Readiness Infrastructure Support Management.

RESTON, Va., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) has secured a key role in the $1.8 billion Personnel and Readiness Infrastructure Support Management (PRISM) Multiple Award Task Order Contract (“MATOC”). This contract will help the Department of Defense (DoD) access essential services more quickly.

SAIC (SAIC) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

SAIC (SAIC) is now considered an oversold stock, meaning that the intense selling pressure has likely ended. Additionally, many Wall Street analysts are raising their earnings estimates, suggesting that the stock may experience a positive change soon.

Science Applications' revenue in the third quarter is boosted by profits from current businesses and new contracts, while reduced selling, general, and administrative expenses help increase earnings.

Science Applications International Corporation is still considered a good investment because of its strong leadership, appealing valuation, and potential for growth, even with recent stock fluctuations and political issues. Their Q3 2025 results showed a 4.3% increase in revenue, notable earnings per share growth, and profits that exceeded expectations due to more contract work. The management predicts revenue will reach $8 billion by 2027, with more profitable contracts and significant share buybacks, which will improve free cash flow per share.

The earnings call for Science Applications International Corporation (NASDAQ:SAIC) for the third quarter of fiscal year 2025 took place on December 5, 2024, at 10:00 AM ET. Key company figures included Joe DeNardi, the Senior Vice President of Investor Relations and Treasurer, Toni Townes-Whitley, the CEO, and Prabu Natarajan, the CFO. The call was attended by various conference call participants from different financial institutions.

SAIC (SAIC) reported quarterly earnings of $2.61 per share, which is higher than the Zacks Consensus Estimate of $2.17 per share. This is an increase compared to earnings of $2.27 per share from the same period last year.