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Kratos Defense's (KTOS) Q1 revenues of $277.2 million surpass the Zacks Consensus Estimate by 10.5%. The figure also increased 19.6% from the year-ago quarter.
Is Kratos Stock A Good Buy After Earnings?
Kratos beat top- and bottom-line estimates for the quarter. The company is optimistic that some of its experimental combat drones are closing in on significant orders after years of evaluation and negotiations.
Although the revenue and EPS for Kratos (KTOS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Kratos (KTOS) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.06 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Kratos (KTOS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Raymond James analyst Brian Gesuale upgraded Kratos Defense stock to strong buy Friday morning. The analyst predicts the stock will soar by about 50% to $27 within a year.
Modern warfare tactics have changed drastically. Increasingly, unmanned aerial vehicles (UAVs) have played a pivotal role in shaping the defense landscape, which bodes well for security specialist Kratos Defense (NASDAQ: KTOS ).
Jefferies lowered its price target on Kratos by $2 heading into earnings season, predicting that its guidance will be reaffirmed, but not raised. Kratos has great long-term potential, but its shareholders will need patience.
Drone stocks are set to surge with the market forecast to soar at a huge compound annual growth rate of 22% between now and 2032. By the end of that period, the market is expected to be valued at $82.9 billion.