Leonardo DRS, Inc. (DRS) Q2 2024 Earnings Call Transcript
Leonardo DRS, Inc. (NASDAQ:DRS ) Q2 2024 Results Conference Call July 30, 2024 10:00 AM ET Company Participants Steve Vather - SVP, IR & Corporate Finance Bill Lynn - Chairman & CEO Mike Dippold - CFO Conference Call Participants Robert Stallard - Vertical Research Alex Ladd - JPMorgan Andre Madrid - BTIG Mariana Perez Mora - Bank of America Sam Struhsaker - Truist Securities Jon Tanwanteng - CJS Securities Jan-Frans Engelbrecht - Baird Operator Thank you for standing by. Welcome to Leonardo DRS Second Quarter 2024 Earnings Call.
Leonardo DRS, Inc. (DRS) Surpasses Q2 Earnings and Revenue Estimates
Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.15 per share a year ago.
3 Up-and-Coming Defense Stocks to Buy for Future Wins
Last year, global defense spending surged to record highs of $2.44 trillion. This is not surprising, as geopolitical frictions are on the rise.
Reasons to Add Leonardo DRS (DRS) Stock to Your Portfolio Now
Leonardo DRS (DRS) makes a strong case for investment in the aerospace sector, given its growth prospects, low debt and rising backlog.
3 Growth Stocks Under $50 That Can Quadruple in 3 Years
After the big crash of 2022, growth stocks have staged a gradual recovery. The correction was in-sync with tight monetary policies as central banks globally focused on curbing inflation.
3 Undiscovered Stocks to Surge 1,000% by 2028: June Edition
Whenever I find a good listed business, I check for analyst interest and social media attention related to the stock. If the stock has significant coverage and is in the limelight among retail investors, it's likely that the idea is overvalued.
Is the Options Market Predicting a Spike in Leonardo DRS (DRS) Stock?
Investors need to pay close attention to Leonardo DRS (DRS) stock based on the movements in the options market lately.
Leonardo DRS Has Upside Potential
Leonardo DRS stock has steadily climbed since the acquisition of Rada Electronic Industries, with potential to reach $26 per share in 6 months and $30 in 12 months. The company's strong growth, momentum, profitability, and positive Q1 '24 results support its buy rating for retail value investors. DRS operates in the aerospace and defense industry, where spending is up. DRS has strong ties with the US, Israel, and Italy, offering growth opportunities in the aerospace/defense markets.
