Leonardo DRS Sees FY24 Adj. EPS $0.74-$0.82 Vs $0.83 Est.; Revenue $2.925B-$3.025B Vs $2.970B Est.
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS forecasts its FY24 adjusted EPS to be between $0.74 and $0.82, compared to the estimated $0.83. The company also projects its revenue to range from $2.925 billion to $3.025 billion, against an estimated $2.970 billion.
February 27, 2024 | 1:03 pm
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Leonardo DRS forecasts a FY24 adjusted EPS below the estimated $0.83 and projects revenue that could potentially exceed the $2.970 billion estimate.
The forecasted EPS being slightly below the estimate might initially concern investors, potentially putting downward pressure on the stock. However, the revenue projection, which spans a range that could exceed the estimate, suggests a positive outlook on the company's growth, balancing the impact.
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IMPORTANCE 90
RELEVANCE 100