CACI International Inc CACI stunned analysts with a remarkable first-quarter fiscal performance, surpassing expectations and raising the bar for FY25 revenue guidance beyond market projections. Following a comprehensive financial exhibition post-market close on Wednesday, the stage was set for a flurry of financial forecasts coming CACI’s way.
Notably, the quarterly earnings per share hit $5.93, significantly outshining the analyst consensus pegged at $5.07. On the revenue front, CACI International boasted quarterly sales of $2.057 billion, comfortably beating the market forecast of $1.921 billion.
John Mengucci, CACI’s President and Chief Executive Officer, exuded confidence in the company’s performance, stating, “In the first quarter, CACI delivered exceptional financial results across the board with revenue growth of 11%, healthy profitability and cash flow, and strong awards and backlog.” He continued, “Our continued momentum allows us to raise our fiscal year 2025 guidance. CACI is well positioned to continue driving long-term value for our customers and our shareholders.”
Despite the robust performance, CACI International shares experienced a slight dip of 0.7%, settling at $548.67 by Friday’s close.
Market analysts wasted no time in reevaluating their stance on CACI International in light of the stellar results:
- Baird analyst Peter Arment upheld his Outperform rating on CACI International and revised the price target upward from $533 to $640.
- Truist Securities analyst Tobey Sommer reaffirmed the Buy rating on CACI International and raised the price target from $520 to $650.
- Goldman Sachs analyst Gavin Parsons maintained a Neutral stance on CACI International while increasing the price target from $471 to $520.
- TD Cowen analyst Cai von Rumohr retained the Buy rating for the stock and hiked the price target from $545 to $570.
Considering an investment in CACI stock? Analysts offer these insights:
