Leonardo DRS, Inc. (DRS) Is Up 12.75% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Leonardo DRS, Inc. (DRS) - DRS currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Price Performance - DRS shares have increased by 12.75% over the past week, outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 4.95% [5] - Over the past month, DRS shares have risen by 31.85%, compared to the industry's 15.75% [5] - In the last quarter, DRS shares increased by 20.33%, and over the past year, they have gained 91.23%, while the S&P 500 has moved -7.56% and 9.65% respectively [6] Trading Volume - DRS has an average 20-day trading volume of 1,064,790 shares, which is a useful indicator for assessing price movements [7] Earnings Outlook - In the past two months, two earnings estimates for DRS have been revised upwards, with the consensus estimate increasing from $1.07 to $1.08 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, DRS is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of A [11]