I I F ■ F Matteo Colombo Investment Thesis Leonardo DRS, Inc. (NASDAQ:DRS) is a provider of advanced defense technology to US national security customers and its allies globally. The company specializes in designing + manufacturing (i) advanced sensing, (ii) network computing, (iii) force protection, and (iv) electric power and propulsion systems. Its 2 main systems include: Advanced Sensing and Computing ("ASC"): advanced detection, precision targeting, surveillance sensing, and various intelligence system ...

Company Performance - Leonardo DRS, Inc. has returned 30.3% year-to-date, significantly outperforming the Aerospace sector, which has lost an average of 1.5% [4] - The Zacks Consensus Estimate for DRS' full-year earnings has increased by 5.8% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [3] Industry Context - Leonardo DRS, Inc. is part of the Aerospace - Defense Equipment industry, which includes 23 companies and currently ranks 190 in the Zacks Industry Rank. This industry has gained an average of 10.6% year-to-date, showing that DRS is performing better than its peers in this specific area [5] - In comparison, Vertical Aerospace Ltd., another outperforming stock in the Aerospace sector, has increased by 16.3% year-to-date and belongs to the Aerospace - Defense industry, which has declined by 5.2% year-to-date [4][6] Sector Ranking - The Aerospace group, which includes Leonardo DRS, Inc., is currently ranked 7 within the Zacks Sector Rank, which consists of 16 different groups [2] - The Zacks Rank system, which emphasizes earnings estimates and revisions, currently gives Leonardo DRS a Zacks Rank of 2 (Buy), indicating a favorable outlook compared to the broader market [3]

In February 2022, Russia escalated its war with Ukraine by invading and occupying parts of that country. Since that time, western powers, including the U.S., have pledged support with humanitarian and military aid. Some of that military aid pledged by the U.S. will result in increased efforts to replace equipment and consumables. We have received orders from the U.S. and allies to both provide equipment in support of this effort, and to replace equipment pledged. Business Environment The DoD budget is the l ...

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) 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 ...

• 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 | --- | --- | --- | --- | --- | --- | --- | |------------------------------------- ...

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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 ...

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 ...