Forgent Power climbs after FY27 outlook tops estimates
15/09/2026 12:33
BUZZ-Forgent Power climbs after FY27 outlook tops estimates ** Shares of Forgent Power Solutions FPS.N rise ~9% to $31.11 premarket
** Designer and manufacturer of electrical distribution equipment forecasts fiscal year 2027 revenue and profit above estimates on strong demand from data centers and other power-intensive projects
** Expects FY27 revenues to be between $2.4 billion and $2.6 billion, above analysts' estimates of $2.08 billion - data compiled by LSEG
** Sees FY27 adjusted EPS in the range of $1.26 and $1.40, compared with expectations of $1.14
** Reports Q4 revenue up about 94% to $461.7 million
** Logs quarterly adjusted net income of $77.34 million, vs $20.62 million a year ago
** Stock up 6.07% since its Feb 5 IPO at $27
(Reporting by Shania S Thomas in Bengaluru)