Kratos Defense price target raised to $30 from $26 at Noble Capital
Noble Capital analyst Joe Gomes raised the firm's price target on Kratos Defense to $30 from $26 and keeps an Outperform rating on the shares. Current world events are driving demand for Kratos products as the ongoing generational recapitalization of strategic weapon systems, including strategic satellites, air defense radar, and missile systems, continues to be a catalyst for Kratos, the analyst tells investors in a post-Q3 note.
Kratos Defense & Security Solutions, Inc. (KTOS) Q3 2024 Earnings Call Transcript
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Marie Mendoza - SVP & General Counsel Eric DeMarco - President & CEO Deanna Lund - EVP & CFO Conference Call Participants Michael Ciarmoli - Truist Securities Peter Arment - Baird Ken Herbert - RBC Capital Markets Mike Crawford - B. Riley Securities Seth Seifman - JPMorgan Andre Madrid - BTIG Joe Gomes - Noble Capital Pete Skibitski - Alembic Global Operator Welcome to Kratos Defense & Security Solutions Third Quarter 2024 Earnings Conference Call.
Compared to Estimates, Kratos (KTOS) Q3 Earnings: A Look at Key Metrics
The headline numbers for Kratos (KTOS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Kratos (KTOS) Surpasses Q3 Earnings Estimates
Kratos (KTOS) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.12 per share a year ago.
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Curious about Kratos (KTOS) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Kratos (KTOS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Kratos: Software-Driven, And Aligned With The DoD
Kratos Defense & Security Solutions aligns with the DoD's push for commercial tech integration, offering cost-effective, dual-use technologies like UAS, and satellite communications. Despite lower profit margins due to high R&D investments, Kratos' software-driven solutions position it for future growth while not having to incur high expenses, somewhat similar to IT software plays. Kratos leverages innovative, rapid go-to-market strategies, partnering with commercial entities to deliver high-performance, budget-friendly solutions that meet DoD needs.
Kratos Defense Secures a $45 Million Deal for Satellite System
KTOS secures a deal worth nearly $45 million for a new satellite system. The work related to this deal is set to be executed at Kratos engineering, production and integration facilities.
As Conflict Spreads, Will Defense Stocks Regain Their Cold War Allure?
Despite the threat of multipolar competition and a rearmament in Europe, military budgets are far from their 1980s highs.
Why Kratos (KTOS) is a Top Growth Stock for the Long-Term
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