Leonardo DRS Updates FY23 Adj. EPS From $0.66-$0.69 To $0.70-$0.72 Vs $0.68 Est.; Revenue From $$2.725B-$2.8B To $2.735B-$2.785B Vs $2.78B Est.
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS has updated its FY23 adjusted EPS from $0.66-$0.69 to $0.70-$0.72, beating the estimate of $0.68. The company also revised its revenue forecast from $2.725B-$2.8B to $2.735B-$2.785B, which is in line with the estimate of $2.78B.
November 02, 2023 | 12:37 pm
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Leonardo DRS's updated FY23 EPS and revenue forecasts beat and meet estimates respectively, which could positively impact its stock price.
Companies that beat or meet earnings and revenue estimates typically see a positive reaction in their stock price. Leonardo DRS's updated FY23 EPS forecast beats the estimate, while its revised revenue forecast is in line with the estimate, which could lead to a positive short-term impact on its stock price.
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