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

Leonardo DRS

02/11/2023 14:59

* Leonardo DRS Inc  DRS.OQ  reported quarterly adjusted
earnings
of 20 cents​​ per share for the quarter ended in September.  The
mean expectation of five analysts for the quarter was
for earnings of 16 cents per share. Wall Street expected
results to range from 14 cents to 17 cents per share.
    * Revenue rose 21.2% to $703.00 million from a year ago;
analysts
expected $682.14 million. 
    * Leonardo DRS Inc's reported EPS for the quarter was 18
cents​.
    * The company reported quarterly net income of $47 million.
    * Leonardo DRS Inc shares had risen by 16.8% this
quarter and
gained 52.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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," no
"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 $20.00 
This summary was machine generated from LSEG data November 2 at
02:59 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.16           0.20           Beat
 Jun. 30 2023      0.11           0.15           Beat
 Mar. 31 2023      0.05           0.07           Beat
 Dec. 31 2022      0.28           0.35           Beat