Leonardo DRS Announces Financial Results for Third Quarter 2024 • Revenue: $812 million, up 16% year-over-year • Net Earnings: $57 million, up 21% year-over-year • Adjusted EBITDA: $100 million, up 22% year-over-year • Diluted EPS: $0.21, up 17% year-over-year • Adjusted Diluted EPS: $0.24, up 20% year-over-year • Bookings: $1.1 billion (book-to-bill ratio of 1.3x) • Backlog: $8.3 billion, up 75% year-over-year • Raises 2024 guidance across all metrics • Initiates preliminary 2025 guidance framework ARLINGT ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 17th: H&R Block, Inc. (HRB) : This DIY tax return preparation services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days. H&R Block has a PEG ratio of 0.93 compared with 1.08 for the industry. The company possesses a Growth Score of B. Unilever PLC (UL) : This This fast-moving consumer goods company c ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Have you been paying attention to shares of Leonardo DRS, Inc. (DRS) ? Shares have been on the move with the stock up 8% over the past month. The stock hit a new 52-week high of $29.87 in the previous session. Leonardo DRS, Inc. has gained 48.2% since the start of the year compared to the 7.3% move for the Zacks Aerospace sector and the 29.3% return for the Zacks Aerospace - Defense Equipment industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as i ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores ...

Leonardo DRS, Inc. (DRS) , with a strong backlog, rising earnings estimates and better debt management, offers a great investment opportunity in the Zacks Aerospace sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. DRS' Growth Projections & Surprise History The Zacks Consensus Estimate for DRS' 2024 earnings per share (EPS) has increased 3.7% to 84 cents in the past 60 days. The Zacks Consensus Estimate for Leonardo DRS' total revenues for ...

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Leonardo DRS, Inc. (DRS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question. Leonardo DRS, Inc. is one of 46 companies in the Aerospace group. The Aerospace group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different grou ...

Leonardo DRS, Inc. (DRS) , with a strong backlog and rising earnings estimates, offers a great investment opportunity in the Zacks aerospace sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for DRS' 2024 earnings per share (EPS) has increased 3.7% to 84 cents in the past 60 days. The Zacks Consensus Estimate for Leonardo DRS' total revenues for 2024 stands at $3.15 billion, ...

Impressive projections for global air passenger traffic bolster the growth prospects of the Zacks AerospaceDefense Equipment industry stocks. However, persistent supply-chain issues plaguing commercial aerospace may cause delays in product deliveries, thereby negatively impacting the bottom line and cash flow performance of the industry players. Nevertheless, valuable mergers and acquisitions are projected to improve economies of scale for the concerned stocks, in addition to expanding and diversifying thei ...