Science Applications International Corp Expected to Earn Q3 2021 Earnings of $1.52 Per Share (NYSE:SAIC)

Science Applications International Corp (NYSE:SAIC) – Equities researchers at Jefferies Financial Group lowered their Q3 2021 earnings per share estimates for shares of Science Applications International in a research report issued on Wednesday, September 2nd. Jefferies Financial Group analyst S. Kahyaoglu now expects that the information technology services provider will post earnings per share of $1.52 for the quarter, down from their previous estimate of $1.56. Jefferies Financial Group also issued estimates for Science Applications International’s Q4 2021 earnings at $1.47 EPS.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Wednesday, September 2nd. The information technology services provider reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.19. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a return on equity of 25.96% and a net margin

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Science Applications (SAIC) Q2 Earnings Beat, Increase Y/Y

Science Applications SAIC reported mixed results for second-quarter fiscal 2021, wherein its earnings topped the Zacks Consensus Estimate but revenues missed the same. Nonetheless, the company recorded year-over-year growth in both the metrics.

The company’s fiscal second-quarter adjusted earnings surged 21% year over year to $1.63 per share and surpassed the Zacks Consensus Estimate of $1.42 per share. The year-over-year upside was mainly driven by higher revenues and reduced outstanding share count.

Quarterly revenues jumped 11% from the year-ago period to $1.76 billion. Revenues realized from the acquisition of Unisys Federal mainly drove the top line. Solid performance of the company’s contract portfolio was a tailwind. Adjusting for the impact of acquired revenues, the metric inched down 0.7%. Moreover, quarterly revenues fell short of the consensus mark of $1.79 billion.

Science Applications International Corporation Price, Consensus and EPS Surprise Science Applications International Corporation Price, Consensus and EPS Surprise

Science Applications International Corporation price-consensus-eps-surprise-chart | Science Applications International Corporation Quote

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Challenging job-hunting landscape as recruitment agencies see fewer vacancies and more applications

SINGAPORE: After leaving travel company ezeego1 last February, Mr Norman Chew was able to get through the year doing freelance consultancy work, organising tours and conducting interviews for a research team at the National University of Singapore (NUS).

The travel industry veteran in his 50s got a couple of job offers from headhunters and former clients, but he did not take them up as he felt they were not the right fit.  

This year, however, with the NUS project put on hold and tourism gigs all but dried up because of COVID-19, Mr Chew says he has submitted about 1,000 job applications. These include submissions to companies outside the travel industry and those offering career conversion programmes through the Government. 

He has not had any success in landing a new job.

“I’ve had to eat into my savings. It’s been frustrating – I can’t cut back on my

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