Leonardo DRS Inc reports results for the quarter ended in September 30 - Earnings Summary

Leonardo DRS

30/10/2024 15:15

* Leonardo DRS Inc  DRS.OQ  reported quarterly adjusted
earnings
of 24 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 20 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 20 cents per
share. Wall Street expected results to range from 18 cents to 21
cents per share.
    * Revenue rose 15.5% to $812.00 million from a year ago;
analysts
expected $775.45 million. 
    * Leonardo DRS Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $57 million.
    * Leonardo DRS Inc shares had risen by 0.6% this quarter and
gained 41.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 5 "strong buy" or "buy," 3
"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 30.00 
This summary was machine generated from LSEG data October 30 at
03:15 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
 Sep. 30 2024                     0.24           
 Jun. 30 2024      0.14           0.18           Beat
 Mar. 31 2024      0.11           0.14           Beat
 Dec. 31 2023      0.30           0.31           Beat