SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced that its Zeus 1 and Zeus 2 Solid Rocket Motors (SRMs) completed their first successful flight on October 24, 2024, from the NASA Wallops Flight Facility in Virginia. This milestone launch provides the qualifications necessary to transition the Zeus SRMs to test programs supporting the U.S. Department of Defense, Foreign ...

`       Third Quarter 2024 Revenues of $275.9 Million Compared with Third Quarter 2023 Revenues of $274.6 MillionThird Quarter 2024 Unmanned Systems Revenues of $64.2 Million Compared with Third Quarter 2023 Revenues of $56.7 MillionThird Quarter 2024 Consolidated Book to Bill Ratio of 1.0 to 1 and Last Twelve Months Ended September 29, 2024 Consolidated Book to Bill Ratio of 1.1 to 1Third Quarter 2024 Consolidated Bookings of $267.2 Million and Last Twelve Months Ended September 29, 2024 Consolidated Booki ...

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SAN DIEGO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the third quarter 2024 after the close of market on Thursday, November 7th. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Pa ...

As a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT world as the Director of Keylogin InfoTech and my insights are based on my own experience investing for 25 years.Also, my research is often backed by analytics and I make frequent use of charts to support my position.Based on losses during the GFC, I am ...

The defense sector comprises companies that provide military and national security-related products and services. These firms develop and manufacture weapons, aircraft, vehicles, and technology for defense purposes. Defense stocks represent shares in these companies that are publicly traded on stock exchanges. The sector's performance often correlates with global geopolitical events and government defense spending. Investing in defense stocks can offer several potential benefits. These companies often have ...

Company Overview - Kratos Defense (KTOS) shares increased by 6.5% to $24.82 in the last trading session, with a higher-than-average trading volume, contrasting with a 1.6% gain over the past four weeks [1] - Analysts from Truist Financial and JMP Securities have reiterated "buy" ratings for Kratos and raised target prices, boosting investor confidence [2] Earnings Expectations - Kratos is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year decline of 33.3%, with revenues projected at $278.47 million, a 1.4% increase from the previous year [3] - The consensus EPS estimate for Kratos has been revised down by 9.1% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Kratos operates within the Zacks Aerospace - Defense Equipment industry, where Leonardo DRS, Inc. (DRS) also operates, having closed 5.2% higher at $29.70, but with a -1.1% return over the past month [4] - Leonardo DRS has a consensus EPS estimate of $0.20, unchanged from the previous year, and currently holds a Zacks Rank of 2 (Buy) [5]

Company Overview - Kratos Defense & Security Solutions, headquartered in San Diego, CA, specializes in high-performance unmanned aerial target drone systems, space and satellite communications, cyber security, microwave electronics, missile defense, hypersonic systems, and training and combat systems [10]. Investment Insights - Kratos (KTOS) is currently rated as a 3 (Hold) on the Zacks Rank, with a VGM Score of B, indicating a solid position in the market [11]. - The stock has a Momentum Style Score of B, with shares increasing by 2.4% over the past four weeks, suggesting positive momentum [11]. - For fiscal 2024, three analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.07 to $0.46 per share [11]. - Kratos boasts an average earnings surprise of 73.8%, indicating strong performance relative to expectations [11]. - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Kratos is recommended for investors' consideration [12].

Core Viewpoint - Zacks Premium provides various tools and resources to help investors make informed decisions and maximize their investment returns through features like Zacks Rank, Style Scores, and comprehensive research reports [1][2]. Zacks Style Scores - The Zacks Style Scores are indicators that assist investors in selecting stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum characteristics [2][3]. - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5]. Value Score - The Value Score identifies attractive and discounted stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors [3]. Growth Score - The Growth Score evaluates a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [3]. Momentum Score - The Momentum Score helps investors capitalize on price trends by analyzing short-term price changes and earnings estimate revisions, indicating favorable buying opportunities for high-momentum stocks [4]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator that helps investors identify stocks with the best value, growth forecasts, and momentum [5]. Zacks Rank - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7]. Stock to Watch: Kratos Defense & Security Solutions (KTOS) - Kratos Defense & Security Solutions, headquartered in San Diego, specializes in high-performance unmanned aerial target drone systems and various defense technologies [10]. - KTOS holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of B and a Growth Style Score of A, indicating a year-over-year earnings growth forecast of 9.5% for the current fiscal year [11]. - Recent analyst revisions have increased the earnings estimate for fiscal 2024 by $0.07 to $0.46 per share, with an average earnings surprise of 73.8%, making KTOS a potential growth investment [11][12].

Core Viewpoint - Kratos Defense & Security Solutions has secured a significant defense contract, but its stock valuation remains high despite recent gains [1][2]. Group 1: Contract Details - The U.S. Air Force awarded Kratos a $79.9 million contract for 60 BQM167A target drones, representing approximately 7% of the company's annual revenue [2]. - This contract is part of a five-year supply agreement potentially worth up to $374 million, with the current order being the 20th lot, indicating the contract is nearing completion [3]. Group 2: Financial Performance - Kratos reported trailing 12-month earnings of $10 million, which is insufficient to support a market capitalization of $3.4 billion [4]. - The company's free cash flow is notably low at $2.6 million, leading to a price-to-earnings-to-growth (PEG) ratio of about 340 and a price-to-free cash flow ratio in the four figures [4]. Group 3: Future Expectations - Analysts predict strong earnings growth, forecasting profits to triple over the next two years, which is critical for justifying the high stock valuation [5].