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

Leonardo DRS

01/05/2024 15:13

* Leonardo DRS Inc  DRS.OQ  reported quarterly adjusted
earnings
of 14 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of five analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 10 cents to 12 cents per share.
    * Revenue rose 20.9% to $688.00 million from a year ago;
analysts
expected $642.86 million. 
    * Leonardo DRS Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $29 million.
    * Leonardo DRS Inc shares had fallen by 2.6% this
quarter and
gained 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
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." 
    * 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 $25.00 
This summary was machine generated from LSEG data May 1 at 02:13
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
 Mar. 31 2024      0.11           0.14           Beat
 Dec. 31 2023      0.30           0.31           Beat
 Sep. 30 2023      0.16           0.20           Beat
 Jun. 30 2023      0.11           0.15           Beat