Leidos (LDOS) closed the most recent trading day at $169.68, moving +0.09% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.18%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, added 0.27%.

Shares of the security and engineering company witnessed a gain of 7.93% over the previous month, beating the performance of the Aerospace sector with its loss of 0.88% and the S&P 500's gain of 4.46%.

The investment community will be closely monitoring the performance of Leidos in its forthcoming earnings report. The company is scheduled to release its earnings on October 29, 2024. The company's earnings per share (EPS) are projected to be $1.96, reflecting a 3.45% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $4.04 billion, indicating a 3.16% growth compared to the corresponding quarter of the prior year.

LDOS's full-year Zacks Consensus Estimates are calling for earnings of $8.96 per share and revenue of $16.27 billion. These results would represent year-over-year changes of +22.74% and +5.39%, respectively.

Investors should also take note of any recent adjustments to analyst estimates for Leidos. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. Currently, Leidos is carrying a Zacks Rank of #2 (Buy).

From a valuation perspective, Leidos is currently exchanging hands at a Forward P/E ratio of 18.93. This expresses a discount compared to the average Forward P/E of 21.1 of its industry.

Investors should also note that LDOS has a PEG ratio of 1.51 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense industry had an average PEG ratio of 2.18 as trading concluded yesterday.