Leonardo DRS Inc reports results for the quarter ended September 30 - Earnings Summary

• Leonardo DRS Inc reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of twelve analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 34 cents to 37 cents per share.

• Revenue rose 11% to $1.07 billion from a year ago; analysts expected $1.03 billion.

• Leonardo DRS Inc's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $115 million.

• Leonardo DRS Inc shares had fallen by 3.1% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Leonardo DRS Inc is $54.00, about 34.3% above its last closing price of $35.50

This summary was machine generated from LSEG data October 29 at 05:48 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)