Free Trial

Leonardo DRS (DRS) to Release Earnings on Wednesday

Leonardo DRS logo with Aerospace background

Leonardo DRS (NASDAQ:DRS - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Leonardo DRS to post earnings of $0.20 per share for the quarter. Leonardo DRS has set its FY 2024 guidance at 0.820-0.880 EPS and its FY24 guidance at $0.82-0.88 EPS.Parties interested in participating in the company's conference call can do so using this link.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. The business had revenue of $753.00 million for the quarter, compared to analyst estimates of $680.38 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm's revenue was up 19.9% compared to the same quarter last year. On average, analysts expect Leonardo DRS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leonardo DRS Trading Down 1.1 %

Shares of DRS stock traded down $0.32 during trading hours on Wednesday, reaching $28.15. 1,080,022 shares of the stock traded hands, compared to its average volume of 619,831. Leonardo DRS has a 1-year low of $17.97 and a 1-year high of $30.98. The business has a fifty day moving average price of $28.27 and a 200 day moving average price of $25.85. The company has a quick ratio of 1.60, a current ratio of 2.01 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $7.41 billion, a PE ratio of 40.21, a PEG ratio of 1.86 and a beta of 0.96.

Analyst Ratings Changes

A number of research analysts recently commented on DRS shares. Truist Financial boosted their price objective on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Leonardo DRS from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. BTIG Research boosted their price objective on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Bank of America downgraded shares of Leonardo DRS from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.17.

Read Our Latest Analysis on Leonardo DRS

Leonardo DRS Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Leonardo DRS (NASDAQ:DRS)

→ Has Trump Finally Gone Too Far? (From Insiders Exposed) (Ad)

Should you invest $1,000 in Leonardo DRS right now?

Before you consider Leonardo DRS, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Leonardo DRS wasn't on the list.

While Leonardo DRS currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Post-Election Chaos or Opportunity? Prepare Your Investments
Strong Markets Meet Rising Volatility—Are Your Investments Safe?
Analysts Bullish on AI-Powered Healthcare: Intuitive Surgical’s 30% Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines