Leonardo DRS Sees FY24 Adj. EPS $0.74-$0.82 Vs $0.80 Est.; Revenue $2.925B-$3.025B Vs $3.008B 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 $0.80. The company also projects its revenue to range from $2.925 billion to $3.025 billion, against the estimated $3.008 billion.

May 01, 2024 | 12:09 pm
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Leonardo DRS forecasts FY24 adjusted EPS and revenue that slightly deviate from analyst estimates, indicating a cautious yet optimistic outlook.
Leonardo DRS's forecast for FY24 shows a tight range around analyst expectations, suggesting a stable outlook but with potential for slight deviations. Given the close alignment with estimates, the immediate market reaction may be neutral, as the guidance does not significantly exceed nor fall short of expectations. However, the slight optimism in the EPS range's upper limit could provide some positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100