The upcoming report from Kratos (KTOS) is expected to reveal quarterly earnings of $0.09 per share, indicating a decline of 35.7% compared to the year-ago period. Analysts forecast revenues of $306.76 million, representing an increase of 2.2% year over year.
The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Kratos metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenues- Product sales' will reach $188.63 million. The estimate indicates a change of -2.6% from the prior-year quarter.
The consensus estimate for 'Revenues- Unmanned Systems' stands at $79.14 million. The estimate indicates a change of -7.8% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Kratos Government Solutions' should arrive at $228.72 million. The estimate indicates a change of +6.7% from the prior-year quarter.
Analysts forecast 'Revenues- Service revenues' to reach $117.55 million. The estimate points to a change of +10.4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Gross Profit- Service revenues' will likely reach $31.87 million. Compared to the present estimate, the company reported $29.50 million in the same quarter last year.
It is projected by analysts that the 'Gross Profit- Product sales' will reach $42.56 million. The estimate is in contrast to the year-ago figure of $47.70 million.
Analysts' assessment points toward 'Operating income (loss)- Unmanned Systems' reaching -$0.50 million. Compared to the current estimate, the company reported $3.60 million in the same quarter of the previous year.
The average prediction of analysts places 'Operating income (loss)- Kratos Government Solutions' at $14.44 million. The estimate is in contrast to the year-ago figure of $15.50 million.
View all Key Company Metrics for Kratos here>>>
Shares of Kratos have experienced a change of +34% in the past month compared to the +0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), KTOS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Kratos Defense & Security Solutions, Inc. (KTOS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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