Kratos Defense & Security Q1 2024 Adj EPS $0.11 Beats $0.05 Estimate, Sales $277.200M Beat $250.472M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kratos Defense & Security (KTOS) reported Q1 2024 adjusted EPS of $0.11, surpassing the $0.05 estimate, with sales of $277.2M also beating the $250.472M forecast. This represents a significant increase in both earnings and sales compared to the same period last year.
May 07, 2024 | 10:07 pm
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POSITIVE IMPACT
Kratos Defense & Security reported a strong Q1 2024 performance with adjusted EPS of $0.11, beating estimates, and sales of $277.2M, also above expectations.
The significant beat on both earnings and sales estimates for Q1 2024 suggests a strong financial performance and operational efficiency. This outperformance, especially with a 120% beat on EPS estimates and a 10.67% beat on sales forecasts, indicates robust growth and could lead to positive investor sentiment, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100