Leonardo DRS (NASDAQ:DRS – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $0.82-0.88 for the period, compared to the consensus EPS estimate of $0.81. The company issued revenue guidance of $3.075-3.175 billion, compared to the consensus revenue estimate of $3.01 billion. Leonardo DRS also updated its FY 2024 guidance to 0.820-0.880 EPS.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Leonardo DRS from $27.00 to $30.00 and gave the company a buy rating in a research note on Wednesday, July 17th. Morgan Stanley assumed coverage on shares of Leonardo DRS in a report on Friday, May 24th. They issued an equal weight rating and a $26.00 target price on the stock. Finally, BTIG Research assumed coverage on shares of Leonardo DRS in a report on Wednesday, June 26th. They set a buy rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $27.20.
View Our Latest Stock Report on DRS
Leonardo DRS Stock Down 1.6 %
Leonardo DRS (NASDAQ:DRS – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $688.00 million for the quarter, compared to analysts’ expectations of $645.56 million. Leonardo DRS had a return on equity of 9.35% and a net margin of 6.28%. Leonardo DRS’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. Equities research analysts predict that Leonardo DRS will post 0.81 EPS for the current fiscal year.
About Leonardo DRS
Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.
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