How to Find Strong Buy Aerospace Stocks Using the Zacks Rank
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Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Leidos (LDOS) for Your Portfolio?
Leidos was upgraded to the Zacks Rank #1 list on October 22, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Founded in 1969, Delaware-based Leidos Holdings, Inc. is a global science and technology leader that serves the defense, intelligence, civil and health markets. Its core capabilities include providing solutions in the fields of cybersecurity; data analytics; enterprise IT modernization; operations and logistics; sensors, collection and phenomenology; software development; and systems engineering.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $8.96 per share. LDOS boasts an average earnings surprise of 23.5%.
Analysts are expecting earnings to grow 22.7% for the current fiscal year, with revenue forecasted to rise 5.4%.
Additionally, LDOS has climbed higher over the past four weeks, gaining 6.3%. The S&P 500 is up 2.8% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Leidos could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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