Mercury Systems Inc reports results for the quarter ended in December - Earnings Summary

Mercury Systems

06/02/2024 22:02

* Mercury Systems Inc  MRCY.OQ  reported a quarterly
adjusted loss
of 42 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 26 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from -12 cents to 17 cents per share.
    * Revenue fell 14% to $197.46 million from a year ago;
analysts
expected $214.44 million. 
    * Mercury Systems Inc's reported EPS for the quarter was a
loss
of 79 cents​.
    * The company reported a quarterly loss of $45.58 million.
    * Mercury Systems Inc shares had fallen by 17.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 70.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "hold"

Wall Street's median 12-month price target for Mercury Systems
Inc is $36.00 
This summary was machine generated from LSEG data February 6 at
10:01 p.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.07           -0.42          Missed
 Sep. 30 2023      0.18           -0.24          Missed
 Jun. 30 2023      0.59           0.11           Missed
 Mar. 31 2023      0.37           0.40           Beat