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

Leonardo DRS

27/02/2024 14:32

* Leonardo DRS Inc  DRS.OQ  reported quarterly adjusted
earnings
of 31 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 35 cents.  The mean expectation of six analysts for the
quarter was for earnings of 30 cents per share. Wall Street
expected results to range from 29 cents to 31 cents per share.
    * Revenue rose 12.9% to $926.00 million from a year ago;
analysts
expected $882.14 million. 
    * Leonardo DRS Inc's reported EPS for the quarter was 28
cents​.
    * The company reported quarterly net income of $74 million.
    * Leonardo DRS Inc shares had risen by 5.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Leonardo
DRS Inc
is $22.00 

This summary was machine generated from LSEG data February 27 at
02:31 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
 Dec. 31 2023      0.30           0.31           Beat
 Sep. 30 2023      0.16           0.20           Beat
 Jun. 30 2023      0.11           0.15           Beat
 Mar. 31 2023      0.05           0.07           Beat