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Kratos Defense (KTOS)
NASDAQ:KTOS
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
$0.12Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 8.61%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong performance and growth prospects in key defense segments, bolstered by record backlogs and strategic expansions. However, challenges in the commercial satellite business and labor costs present headwinds.Company Guidance
During the Kratos Defense & Security Solutions Q3 2024 earnings call, the company provided guidance affirming a 10% year-over-year revenue growth for 2025. Kratos highlighted several key areas driving this growth, including significant investments in air defense systems, hypersonic systems, and small turbojet engine production, with capabilities to produce approximately 10,000 engines annually starting next year. The company is pursuing a potential $1.5 billion single award program and a $100 million space opportunity, which could significantly boost future revenue. Despite challenges in the commercial satellite business, Kratos remains optimistic about its financial outlook, supported by a record backlog in microwave electronics and rocket systems, and expects to potentially increase its growth rate above the current 10% forecast in 2026.Revenue and Growth in Key Segments
Revenues for Q3 were $275.9 million, within the estimated range, with notable strength in unmanned systems, turbine technologies, microwave products, C5ISR, defense rocket support, and training solutions businesses. Unmanned systems reported an organic revenue growth of 8.7%.
Record Backlog and New Opportunities
Kratos has a record backlog in areas like microwave electronics, with significant opportunities in missile and radar systems. New contracts and down-selections are expected to contribute to future growth, including a potential $1.5 billion award and an over $100 million space opportunity.
Successful Execution of Key Programs
Kratos executed the initial flight of its Zeus 1 and Zeus 2 solid rocket motor stack, achieving every mission objective. The company continues to see strong performance in its defense and national security satellite business.
Expansion and Investment in Facilities
Kratos is expanding its manufacturing facilities in Israel and India to meet demand. The Michigan turbojet engine facility can now produce 10,000 engines annually, with plans for a new turbo-fan engine production facility.
Affirmation of Financial Guidance
Kratos affirmed its 2024 financial guidance and expects a 10% year-over-year revenue growth in 2025, with potential increases in future growth rates.
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KTOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KTOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $23.82 | $25.97 | +9.03% |
| Aug 07, 2024 | $20.07 | $19.75 | -1.59% |
| May 07, 2024 | $18.76 | $19.84 | +5.76% |
| Feb 13, 2024 | $17.80 | $20.82 | +16.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kratos Defense (KTOS) report earnings?
Kratos Defense (KTOS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Kratos Defense (KTOS) earnings time?
Kratos Defense (KTOS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KTOS EPS forecast?
KTOS EPS forecast for the fiscal quarter 2024 (Q4) is $0.1.
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