The upcoming report from Kratos (KTOS) is expected to reveal quarterly earnings of $0.14 per share, indicating an increase of 7.7% compared to the year-ago period. Analysts forecast revenues of $328.25 million, representing an increase of 15.9% year over year.
Over the last 30 days, there has been a downward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Kratos metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenues- Product sales' to come in at $201.65 million. The estimate indicates a year-over-year change of +14.2%.
The combined assessment of analysts suggests that 'Revenues- Unmanned Systems' will likely reach $73.19 million. The estimate indicates a change of +19.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Kratos Government Solutions' should come in at $256.58 million. The estimate points to a change of +15.6% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Service revenues' will reach $123.97 million. The estimate indicates a change of +16.4% from the prior-year quarter.
Analysts forecast 'Gross Profit- Service revenues' to reach $31.85 million. The estimate is in contrast to the year-ago figure of $29.40 million.
Analysts predict that the 'Gross Profit- Product sales' will reach $47.65 million. The estimate compares to the year-ago value of $40.40 million.
Based on the collective assessment of analysts, 'Operating income (loss)- Kratos Government Solutions' should arrive at $17.98 million. Compared to the current estimate, the company reported $11.00 million in the same quarter of the previous year.
View all Key Company Metrics for Kratos here>>>
Shares of Kratos have demonstrated returns of -28.5% over the past month compared to the Zacks S&P 500 composite's -1.3% change. With a Zacks Rank #2 (Buy), KTOS is expected to beat 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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