Aerospace and defense company Leonardo DRS (NASDAQ: DRS) will be reporting results this Wednesday morning. Here’s what you need to know.
Leonardo DRS beat analysts’ revenue expectations by 9.2% last quarter, reporting revenues of $799 million, up 16.1% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EPS estimates.
Is Leonardo DRS a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Leonardo DRS’s revenue to grow 9.8% year on year to $826.5 million, slowing from the 19.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Leonardo DRS has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 5.3% on average.
Looking at Leonardo DRS’s peers in the defense contractors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. General Dynamics delivered year-on-year revenue growth of 8.9%, beating analysts’ expectations by 5.7%, and Northrop Grumman reported revenues up 1.3%, topping estimates by 3%. General Dynamics traded up 5.7% following the results while Northrop Grumman was also up 10.4%.
Read our full analysis of General Dynamics’s results here and Northrop Grumman’s results here.
There has been positive sentiment among investors in the defense contractors segment, with share prices up 6.5% on average over the last month. Leonardo DRS is up 5.2% during the same time and is heading into earnings with an average analyst price target of $47.89 (compared to the current share price of $48.90).
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