Leonardo DRS Raised FY24 Adj. EPS To $0.82 - $0.88 (From $0.74-$0.82) Vs. $0.81 Est.; Revenue To $3.075B - $3.175B (From $2.925B-$3.025B) Vs $3.007B Est.
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS has raised its FY24 adjusted EPS guidance to $0.82-$0.88 from the previous $0.74-$0.82, surpassing the $0.81 estimate. The company also increased its revenue forecast to $3.075B-$3.175B from $2.925B-$3.025B, exceeding the $3.007B estimate.
July 30, 2024 | 11:42 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Leonardo DRS has raised its FY24 adjusted EPS guidance to $0.82-$0.88 from the previous $0.74-$0.82, surpassing the $0.81 estimate. The company also increased its revenue forecast to $3.075B-$3.175B from $2.925B-$3.025B, exceeding the $3.007B estimate.
The raised guidance for both EPS and revenue indicates strong performance and positive future prospects for Leonardo DRS. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100