Defense Contractors Stocks Q2 In Review: Leonardo DRS (NASDAQ:DRS) Vs Peers

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Defense Contractors Stocks Q2 In Review: Leonardo DRS (NASDAQ:DRS) Vs Peers Wrapping up Q2 earnings, we look at the numbers and key takeaways for the defense contractors stocks, including Leonardo...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDefense Contractors Stocks Q2 In Review: Leonardo DRS (NASDAQ:DRS) Vs Peers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-08 15:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/defense-contractors-stocks-q2-review-070837052.html><strong>StockStory</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Defense Contractors Stocks Q2 In Review: Leonardo DRS (NASDAQ:DRS) Vs Peers \n \n\nWrapping up Q2 earnings, we look at the numbers and key takeaways for the defense contractors stocks, including Leonardo...</p>\n\n<a href=\"https://finance.yahoo.com/news/defense-contractors-stocks-q2-review-070837052.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BGHQF748.EUR","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/defense-contractors-stocks-q2-review-070837052.html","article_id":"2473423423","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/tglUt3tB7zCYP7wyRR0MPw--~B/aD03MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/stockstory_922/397390d49b86e3ad481ef8e0187f5713"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473423423","pubTimestamp":1728371317,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wrapping up Q2 earnings, we look at the numbers and key takeaways for the defense contractors stocks, including Leonardo DRS  and its peers.Defense contractors typically require technical expertise and government clearance. Companies in this sector can also enjoy long-term contracts with government bodies, leading to more predictable revenues. Combined, these factors create high barriers to entry and can lead to limited competition. Lately, geopolitical tensions–whether it be Russia’s invasion of Ukraine or China’s aggression towards Taiwan–highlight the need for defense spending. On the other hand, demand for these products can ebb and flow with defense budgets and even who is president, as different administrations can have vastly different ideas of how to allocate federal funds.Developing submarine detection systems for the U.S. Navy, Leonardo DRS  is a provider of defense systems, electronics, and military support services.Leonardo DRS achieved the biggest analyst estimates beat of","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","QLD":"纳指两倍做多ETF","BK4112":"金融交易所和数据","KTOS":"克瑞拓斯安全防卫","DRS":"Leonardo DRS, Inc.","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF","BK4516":"特朗普概念",".IXIC":"NASDAQ Composite","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4187":"航天航空与国防","MRCY":"Mercury Systems Inc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4566":"资本集团","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","GD":"通用动力","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","QID":"纳指两倍做空ETF","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","BK4550":"红杉资本持仓","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4588":"碎股","HII":"亨廷顿英格尔斯工业","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","NDAQ":"纳斯达克OMX交易所","SQQQ":"纳指三倍做空ETF","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC"},"translate_title":"国防承包商股票第二季度回顾：Leonardo DRS（纳斯达克股票代码：DRS）与同行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KTOS":1,".IXIC":1,"NDAQ":1,"MRCY":1,"DRS":1,"HII":1,"GD":1,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Defense Contractors Stocks Q2 In Review: Leonardo DRS (NASDAQ:DRS) Vs Peers \n \n\nWrapping up Q2 earnings, we look at the numbers and key takeaways for the defense contractors stocks, including Leonardo DRS (NASDAQ:DRS) and its peers. \nDefense contractors typically require technical expertise and government clearance. Companies in this sector can also enjoy long-term contracts with government bodies, leading to more predictable revenues. Combined, these factors create high barriers to entry and can lead to limited competition. Lately, geopolitical tensions–whether it be Russia’s invasion of Ukraine or China’s aggression towards Taiwan–highlight the need for defense spending. On the other hand, demand for these products can ebb and flow with defense budgets and even who is president, as different administrations can have vastly different ideas of how to allocate federal funds.\nThe 15 defense contractors stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 4.7% while next quarter’s revenue guidance was 6.7% below. \nBig picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been running hot throughout 2021 and 2022 but cooled towards the central bank's 2% target as of late. This prompted the Fed to cut its policy rate by 50bps (half a percent) in September 2024. Given recent employment data that suggests the US economy could be wobbling, the markets will be assessing whether this rate and future cuts (the Fed signaled more to come in 2024 and 2025) are the right moves at the right time or whether they're too little, too late for a macro that has already cooled. \n Luckily, defense contractors stocks have performed well with share prices up 13.8% on average since the latest earnings results. \nLeonardo DRS (NASDAQ:DRS)\n Developing submarine detection systems for the U.S. Navy, Leonardo DRS (NASDAQ:DRS) is a provider of defense systems, electronics, and military support services. \nLeonardo DRS reported revenues of $753 million, up 19.9% year on year. This print exceeded analysts’ expectations by 10.7%. Overall, it was an incredible quarter for the company with an impressive beat of analysts’ earnings and operating margin estimates. \n“Our strong second quarter 2024 results reflect the solid momentum evident across the business. Healthy customer demand continues to propel our bookings and backlog growth. This demand along with an improving supply chain is unlocking revenue growth above our expectations. Overall, I am pleased with our year-to-date performance, however, we are maintaining a clear focus on execution to deliver on our commitments to customers and shareholders,” said Bill Lynn, Chairman and CEO of Leonardo DRS.\n\n\n\nLeonardo DRS achieved the biggest analyst estimates beat of the whole group. Unsurprisingly, the stock is up 8.3% since reporting and currently trades at $30.52. \nIs now the time to buy Leonardo DRS? Access our full analysis of the earnings results here, it’s free.\nMercury Systems (NASDAQ:MRCY)\nFounded in 1981, Mercury Systems (NASDAQ:MRCY) specializes in providing processing subsystems and components for primarily defense applications. \nMercury Systems reported revenues of $248.6 million, down 1.8% year on year, outperforming analysts’ expectations by 7.8%. The business had an incredible quarter with an impressive beat of analysts’ organic revenue and earnings estimates. \n\n\n\nThe market seems happy with the results as the stock is up 9.4% since reporting. It currently trades at $37.18. \nIs now the time to buy Mercury Systems? Access our full analysis of the earnings results here, it’s free.\nWeakest Q2: General Dynamics (NYSE:GD)\nCreator of the famous M1 Abrahms tank, General Dynamics (NYSE:GD) develops aerospace, marine systems, combat systems, and information technology products. \nGeneral Dynamics reported revenues of $11.98 billion, up 18% year on year, exceeding analysts’ expectations by 4.1%. Still, it was a slower quarter as it posted a miss of analysts’ backlog sales estimates. \nInterestingly, the stock is up 1.2% since the results and currently trades at $297.90. \nRead our full analysis of General Dynamics’s results here. \nKratos (NASDAQ:KTOS)\nEstablished with a commitment to supporting national security, Kratos (NASDAQ:KTOS) is a provider of advanced engineering, technology, and security solutions tailored for critical national security applications. \nKratos reported revenues of $300.1 million, up 16.8% year on year. This result beat analysts’ expectations by 8.7%. It was a very strong quarter as it also recorded an impressive beat of analysts’ organic revenue and earnings estimates. \nThe stock is up 23.5% since reporting and currently trades at $24.84. \nRead our full, actionable report on Kratos here, it’s free. \nHuntington Ingalls (NYSE:HII)\nBuilding Nimitz-class aircraft carriers used in active service, Huntington Ingalls (NYSE:HII) develops marine vessels and their mission systems and maintenance services. \nHuntington Ingalls reported revenues of $2.98 billion, up 6.8% year on year. This number surpassed analysts’ expectations by 4.7%. Taking a step back, it was a satisfactory quarter as it also recorded a solid beat of analysts’ earnings estimates but a miss of analysts’ operating margin estimates. \nThe stock is down 8.4% since reporting and currently trades at $256.38. \nRead our full, actionable report on Huntington Ingalls here, it’s free. \n Join Paid Stock Investor Research\nHelp us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473423423"}