Leonardo DRS Raises FY24 Revenue Guidance To $3.15B-$3.2B (Prior $3.075B-$3.175B), Sees FY24 Adjusted Diluted EPS $0.88-$0.91 (Prior $0.82-$0.88); Anticipates Prelim. 5%-8% Revenue Growth For FY25
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS has raised its FY24 revenue guidance to $3.15B-$3.2B from the previous $3.075B-$3.175B and expects FY24 adjusted diluted EPS to be $0.88-$0.91, up from the prior $0.82-$0.88. The company also anticipates preliminary revenue growth of 5%-8% for FY25.
October 30, 2024 | 11:32 am
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POSITIVE IMPACT
Leonardo DRS has increased its FY24 revenue and EPS guidance, indicating strong financial performance. The company also projects significant revenue growth for FY25.
The upward revision in revenue and EPS guidance for FY24 suggests improved financial performance, which is likely to positively impact the stock price. The anticipated revenue growth for FY25 further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100