Kratos Defense and Security Solutions Inc reports results for the quarter ended June 30 - Earnings Summary

• Kratos Defense and Security Solutions Inc KTOS.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 5 cents to 13 cents per share.

• Revenue rose 17.1% to $351.50 million from a year ago; analysts expected $305.83 million.

• Kratos Defense and Security Solutions Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $2.9 million.

• Kratos Defense and Security Solutions Inc shares had risen by 26.9% this quarter and gained 123.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Kratos Defense and Security Solutions Inc is $60.00, about 1.5% above its last closing price of $59.08

This summary was machine generated from LSEG data August 8 at 02:57 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)