Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) stock is in the spotlight Monday ahead of the company’s fourth-quarter earnings report after the market closes.
Fourth-Quarter Expectations And Recent Performance
Kratos is expected to report earnings per share of 16 cents and revenue of $327.79 million. The company has topped revenue estimates in three of the last four quarters and beaten earnings estimates in each of the last four quarters.
In its most recent quarter, Kratos posted earnings per share of 14 cents, exceeding the 12-cent estimate, while revenue of $347.60 million came in ahead of expectations of $322.87 million.
“To take advantage of this generational opportunity set and policy changes, Kratos is currently making significant investments in facilities, plant, and equipment to rapidly scale and support major new program wins we have received, including Anaconda, Helios and Poseidon, and those we expect to receive, as well as to support our forecasted expected future growth, including beyond 2027,” Eric DeMarco, Kratos’ president and CEO, said in the company’s third-quarter earnings report.
Long-Term Trend Remains Bullish
Kratos Defense is currently trading 6.2% below its 20-day SMA and 2.2% below its 50-day SMA, yet it remains 3.9% above its 100-day SMA and significantly, 29.7% above its 200-day SMA. This positioning suggests some short-term pressures while the long-term trend remains strong. Over the past 12 months, the stock has impressively gained 280.81%, and it now trades closer to its 52-week high of $134.00 than its low of $23.90.
The RSI stands at 48.69, indicating a neutral market momentum, while the MACD presents a bearish signal with a reading of -1.3852 below the signal line at -1.1201. This suggests that despite the stock’s strong annual growth, there might be immediate downward pressure.
KTOS Stock Falls Monday
KTOS Price Action: At the time of writing, Kratos shares are trading 2.63% lower at $93.55, according to data from Benzinga Pro.
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