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Stock impact report

Leonardo DRS tops Q4 estimates, stock rises on strong demand, outlook [Seeking Alpha]

Leonardo DRS, Inc. (DRS) 
Company Research Source: Seeking Alpha
For the fourth quarter, the defense contractor posted revenue of $1.06 billion, ahead of the consensus estimate of $995 million and up 8% from $981 million Fresh Stock Ideas, Every Day Explore diverse investing perspectives with daily analysis from experts across the market. Subscribe to Stock Ideas Sign Up Quick Insights Leonardo DRS exceeded Wall Street expectations for both revenue and adjusted earnings per share in the fourth quarter, with revenue beating consensus by about $65 million and adjusted EPS surpassing expectations by $0.05. Higher sales volume, demand for mission-critical products, and a quantum laser IP license agreement drove growth, offset partially by higher material costs and program mix. Leonardo DRS projects revenue of $3.85–$3.95 billion, adjusted diluted EPS of $1.20–$1.26, and EBITDA of $505–$525 million with a tax rate at 18.5%. More Trending News Show less Read more
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