DRS

Leonardo DRS reported Q3 2026 earnings of $0.46 per share, beating consensus estimates of $0.36 by 27.78%, with revenues of $1.07 billion exceeding expectations by 3.25%. The company has consistently surpassed earnings and revenue estimates over the last four quarters.

Despite the strong performance, DRS shares have underperformed the S&P 500 year-to-date, gaining 4.1% versus the market's 13.1%. The stock holds a Zacks Rank #2 (Buy) rating with favorable estimate revision trends.

Leonardo DRS, Inc. (DRS) has a strong track record of beating earnings estimates, with an average surprise of 26.72% over the past two quarters. The company currently has a positive Earnings ESP of +1.39% and a Zacks Rank #2 (Buy), suggesting another earnings beat is likely in its next report expected on October 29, 2026. Stocks with positive Earnings ESP and Zacks Rank #3 or better historically beat consensus estimates nearly 70% of the time.

Leonardo DRS has been awarded a 10-year prime contract under NASA's Solutions for Enterprise-Wide Procurement (SEWP) VI Program, extending through 2036. The government-wide acquisition contract provides federal agencies streamlined access to DRS products and services. DRS has held the SEWP prime contractor position since 2015 and has already generated over $110 million in procurements under SEWP V, with an 'Excellent' performance rating from NASA.