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Thursday, May 9, 2019
Kratos Defense & Security Solutions (KTOS)
Can the Beat Go On?
Kratos Defense & Security Solutions, Inc. provides engineering, information technology (IT) services, and warfighter solutions primarily in the United States. It operates in two segments, Kratos Government Solutions (KGS) and Public Safety and Security (PSS).
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- 1Q19 Above Expectations. Revenue came in at $160.4 million above our $150 million estimate and management's upper end $157 million guidance. Adjusted EBITDA totaled $17.5 million, compared to our $11.5 million estimate and management's $11 million upper end. EPS totaled $0.03, versus our estimate of $0.01.
- Hitting on all Cylinders. Every Kratos business unit exceeded its financial forecast in the quarter. Unmanned Systems had a very successful quarter culminating in the initial Valkyrie flight. The Target drone business continu...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.