Yahoo Finance Earnings Growth & Price Strength Make CACI International (CACI) a Stock to Watch
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to CACI International (CACI)
Based in Reston, VA, CACI International delivers IT applications and infrastructure to improve communications and secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. The company’s solutions enrich defense and intelligence capabilities, assure homeland security, improve decision-making, and help customers operate smartly and proficiently.
Since being added to the Zacks Focus List on December 2, 2015 at $103.31 per share, shares of CACI have increased 314.61% to $428.33.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.11 to $20.35. CACI boasts an average earnings surprise of 1.7%.
Earnings for CACI International are forecasted to see growth of 8.1% for the current fiscal year as well.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like CACI, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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CACI International, Inc. (CACI) : Free Stock Analysis Report
