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Leonardo DRS(DRS) - 2024 Q2 - Earnings Call Transcript
2024-07-30 17:47
Leonardo DRS, Inc. (NASDAQ:DRS) Q2 2024 Results Conference Call July 30, 2024 10:00 AM ET Company Participants Steve Vather - SVP, IR & Corporate Finance Bill Lynn - Chairman & CEO Mike Dippold - CFO Conference Call Participants Robert Stallard - Vertical Research Alex Ladd - JPMorgan Andre Madrid - BTIG Mariana Perez Mora - Bank of America Sam Struhsaker - Truist Securities Jon Tanwanteng - CJS Securities Jan-Frans Engelbrecht - Baird Operator Thank you for standing by. Welcome to Leonardo DRS Second Quart ...
Leonardo DRS, Inc. (DRS) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-30 13:40
Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary ...
Leonardo DRS(DRS) - 2024 Q2 - Quarterly Results
2024-07-30 11:33
• Revenue: $753 million, up 20% year-over-year • Net Earnings: $38 million, up 9% year-over-year • Adjusted EBITDA: $82 million, up 32% year-over-year • Diluted EPS: $0.14, up 8% year-over-year • Adjusted Diluted EPS: $0.18, up 20% year-over-year • Bookings: $941 million (book-to-bill ratio of 1.2x) • Backlog: $7.9 billion, up 82% year-over-year • Increases 2024 guidance across metrics CEO Commentary Summary Financial Results | --- | --- | --- | --- | --- | --- | --- | |------------------------------------- ...
3 Growth Stocks Under $50 That Can Quadruple in 3 Years
Investor Place· 2024-07-01 20:33
The following growth stocks represent companies that have strong fundamentals. Further, these companies are likely to witness healthy revenue and EBITDA upside. Considering the growth outlook, valuations look attractive and fresh exposure can be considered at current levels. Source: Bumble Dee / Shutterstock.com After the big crash of 2022, growth stocks have staged a gradual recovery. The correction was in-sync with tight monetary policies as central banks globally focused on curbing inflation. However, wi ...
3 Undiscovered Stocks to Surge 1,000% by 2028: June Edition
Investor Place· 2024-06-14 16:26
Ibotta (IBTA) Ibotta (NYSE:IBTA) is a relatively new listing and that's the reason for the stock remaining under-the-radar. After touching highs of $117, IBTA stock has corrected to current levels of $77. This is a golden opportunity to accumulate the stock considering the business potential. Considering the big market potential, it's likely that stellar growth will continue. I also see the likelihood of expansion outside the U.S. that will boost growth in the next few years. Source: Robert Way / Shuttersto ...
Is the Options Market Predicting a Spike in Leonardo DRS (DRS) Stock?
ZACKS· 2024-06-11 13:40
What do the Analysts Think? What is Implied Volatility? Clearly, options traders are pricing in a big move for Leonardo DRS shares, but what is the fundamental picture for the company? Currently, Leonardo DRS is a Zacks Rank #3 (Hold) in the Aerospace - Defense Equipment industry that ranks in the Top 23% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has ...
Leonardo DRS Has Upside Potential
seekingalpha.com· 2024-05-16 12:38
guvendemir/E+ via Getty Images Room to Grow Leonardo DRS (NASDAQ:DRS) stock steadily climbed in price from about $9.70 to near $23 per share since the all-stock purchase in June '22 of Israeli military technology developer and manufacturer Rada Electronic Industries. Our buy rating assessment of Leonardo DRS stock for retail value investors is justified by more aerospace and defense spending, the DRS outlook for growth and profitability, and the stock's valuation. The company's potential to top $26 per shar ...
Leonardo DRS(DRS) - 2024 Q1 - Earnings Call Transcript
2024-05-01 22:09
Leonardo DRS, Inc. (NASDAQ:DRS) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants Steve Vather - SVP, IR & Corporate Finance Bill Lynn - Chairman & CEO Mike Dippold - CFO Conference Call Participants Peter Arment - Baird Robert Stallard - Vertical Research Seth Seifman - JPMorgan Mariana Perez Mora - Bank of America Samuel Struhsaker - Truist Securities Jonathan Tanwanteng - CJS Securities Operator Ladies and gentlemen, good day, and welcome to Leonardo DRS First Quarter Fiscal Y ...
Leonardo DRS(DRS) - 2024 Q1 - Earnings Call Presentation
2024-05-01 22:08
米 LEONARDO DRS Q1 | 2024 Disclaimers In this presentation, when using the terms the "company," "DRS," "we," "us" and "our," unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," ...
Leonardo DRS(DRS) - 2024 Q1 - Quarterly Report
2024-05-01 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 001-41565 Leonardo DRS, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Inc ...