Leonardo DRS Inc reports results for the quarter ended in June - Earnings Summary

Leonardo DRS

30/07/2024 15:21

* Leonardo DRS Inc  DRS.OQ  reported quarterly adjusted
earnings
of 18 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 12 cents to 17 cents per share.
    * Revenue rose 19.9% to $753.00 million from a year ago;
analysts
expected $680.36 million. 
    * Leonardo DRS Inc's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of $38 million.
    * Leonardo DRS Inc shares had risen by 10.5% this
quarter and
gained 40.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Leonardo DRS Inc
is $26.00 
This summary was machine generated from LSEG data July 30 at
02:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.14           0.18           Beat
 Mar. 31 2024      0.11           0.14           Beat
 Dec. 31 2023      0.30           0.31           Beat
 Sep. 30 2023      0.16           0.20           Beat