SAIC's (NYSE:SAI) EPS Estimates Lowered on Anemic Demand

As government procurement environment has brought little demand for SAIC's (NYSE:SAI), Susquehanna has lowered their EPS and revenue estimates on the company, seeing little in the way of catalysts to change their outlook.

Susquehanna said, "If bookings begin to bill, FY12 could prove better than our reduced expectations, but the government procurement environment remains very anemic at this time, as highlighted by Accenture last Thursday."

They are lowering their EPS/revenue estimates on the company from $1.59/$11.19 billion and $1.42/$11.5 billion to $1.46/$11.01 billion and $1.39/$11.4 billion.

Susquehanna is maintaining their Neutral rating on SAIC, which closed Monday at $15.77, up $0.07, or 0.45 percent.