Equity Profile

LDOS

Leidos Holdings, Inc.

IndustrialsResearch & Consulting Services$15.7B

May5Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:00 AM EDT

Leidos Holdings, Inc. Beats on EPS, Stock Down 7.81%

Metric	Actual	Expected	Surprise
EPS	$3.13	$2.91	+8.57%
Revenue	N/A	$4.3B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Leidos Holdings, Inc. Beats on EPS, Stock Down 7.81%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$3.13	$2.91	+8.57%
Revenue	N/A	$4.3B	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Leidos Holdings reported better-than-expected earnings per share, but did not provide revenue figures or future guidance. The stock reacted negatively, dropping 7.81%, likely due to uncertainty surrounding revenue performance and lack of guidance.

Company Snapshot

Leidos Holdings, Inc. (LDOS) operates in the industrials sector, focusing on research and consulting services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and is closely watched by investors.

$2.91

Revenue

Revenue growth reflects the company's ability to attract and retain clients, which is vital for future growth.

$4.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Leidos Holdings, Inc. (LDOS) operates in the industrials sector, focusing on research and consulting services. The company plays a crucial role in providing technology solutions and services, particularly in defense, aviation, information technology, and biomedical research, which are increasingly important in today's rapidly evolving technological landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+18.87%

Avg Stock Reaction

+0.07%

Last Quarter Recap

In Q4-2025, Leidos reported an EPS of $2.76, exceeding expectations by 7.6%. However, the stock dropped 8.38% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Leidos to deliver solid earnings this quarter, with a consensus EPS of $2.91 and revenue of $4.3B. The company has a strong track record of beating earnings estimates, which adds to investor optimism.

Bull Case

If Leidos exceeds the EPS estimate, it could signal strong demand for its services and potentially drive the stock higher, continuing its trend of positive surprises.

Bear Case

Conversely, if the company fails to meet expectations, it could raise concerns about its growth trajectory and lead to a significant stock decline, especially given the recent drop in stock price after earnings.

Key Metrics to Watch

EPS

$2.91

Earnings per share is a key indicator of profitability and is closely watched by investors.

Revenue

$4.3B

Revenue growth reflects the company's ability to attract and retain clients, which is vital for future growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $2.91?

A beat on EPS could reinforce investor confidence and lead to a positive stock reaction, continuing the trend of earnings surprises.

What is the outlook for revenue growth in key segments?

Insights into revenue growth will help investors gauge the company's ability to sustain its performance and adapt to market demands.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Leidos' ability to leverage new contracts in defense and technology sectors, which could drive higher-than-expected revenue.

Supporting Evidence

Leidos has consistently beaten EPS estimates, indicating strong operational execution.

The options market is pricing a larger move than historical averages, suggesting traders expect significant volatility.

Recent industry trends show increased spending in defense and technology, which may benefit Leidos.

Key Risk

If the revenue growth exceeds $4.4B, it could invalidate the cautious outlook from analysts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued growth against recent stock performance and earnings history.

Bull Confirmed If

An EPS of $3.00 or higher, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.78, which could raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.06%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a move of about 7.06%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±7.2% while LDOS has averaged ±6.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

23.1%

Calls (60K)P/C Ratio: 0.74Puts (45K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: X of Y (Z%)

This setup has occurred 30 times across Industrials in the last 2 years. The average absolute 1-day move is 4.7%, with a raw directional average of +1.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Leidos beats expectations, history suggests a potential average stock move of +1.86%, confirming the bullish sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's future guidance.

Miss

A miss could lead to a significant decline, with history suggesting an average drop of around -8.38% following disappointing results.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on major contracts won in the defense sector.
2Insights into revenue growth from technology services.
3Management's commentary on cost management and margins.
4Future guidance on revenue expectations for the upcoming quarters.
5Any commentary on competitive pressures in the consulting space.

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Company Snapshot

Leidos Holdings, Inc. (LDOS) operates in the industrials sector, focusing on research and consulting services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and is closely watched by investors.

$2.91

Revenue

Revenue growth reflects the company's ability to attract and retain clients, which is vital for future growth.

$4.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+18.87%

Avg Stock Reaction

+0.07%

Last Quarter Recap

In Q4-2025, Leidos reported an EPS of $2.76, exceeding expectations by 7.6%. However, the stock dropped 8.38% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Leidos exceeds the EPS estimate, it could signal strong demand for its services and potentially drive the stock higher, continuing its trend of positive surprises.

Bear Case

Key Metrics to Watch

EPS

$2.91

Earnings per share is a key indicator of profitability and is closely watched by investors.

Revenue

$4.3B

Revenue growth reflects the company's ability to attract and retain clients, which is vital for future growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $2.91?

A beat on EPS could reinforce investor confidence and lead to a positive stock reaction, continuing the trend of earnings surprises.

What is the outlook for revenue growth in key segments?

Insights into revenue growth will help investors gauge the company's ability to sustain its performance and adapt to market demands.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Leidos' ability to leverage new contracts in defense and technology sectors, which could drive higher-than-expected revenue.

Supporting Evidence

Leidos has consistently beaten EPS estimates, indicating strong operational execution.

The options market is pricing a larger move than historical averages, suggesting traders expect significant volatility.

Recent industry trends show increased spending in defense and technology, which may benefit Leidos.

Key Risk

If the revenue growth exceeds $4.4B, it could invalidate the cautious outlook from analysts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued growth against recent stock performance and earnings history.

Bull Confirmed If

An EPS of $3.00 or higher, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.78, which could raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.06%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a move of about 7.06%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±7.2% while LDOS has averaged ±6.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

23.1%

Calls (60K)P/C Ratio: 0.74Puts (45K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: X of Y (Z%)

This setup has occurred 30 times across Industrials in the last 2 years. The average absolute 1-day move is 4.7%, with a raw directional average of +1.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Leidos beats expectations, history suggests a potential average stock move of +1.86%, confirming the bullish sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's future guidance.

Miss

A miss could lead to a significant decline, with history suggesting an average drop of around -8.38% following disappointing results.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on major contracts won in the defense sector.
2Insights into revenue growth from technology services.
3Management's commentary on cost management and margins.
4Future guidance on revenue expectations for the upcoming quarters.
5Any commentary on competitive pressures in the consulting space.