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

Mercury Systems

13/08/2024 22:01

* Mercury Systems Inc  MRCY.OQ  reported quarterly adjusted
earnings of 30 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 11 cents.  The mean expectation of ten analysts
for the quarter was for earnings of one cent per share. Wall
Street expected results to range from -24 cents to 51 cents per
share.
    * Revenue fell 1.8% to $248.56 million from a year ago;
analysts
expected $230.69 million. 
    * Mercury Systems Inc's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $10.78 million.
    * Mercury Systems Inc shares had risen by 25.8% this
quarter and
lost 7.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 122.4%
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 2 "strong buy" or "buy," 5
"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 $26.00 
This summary was machine generated from LSEG data August 13 at
09:01 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
 Jun. 30 2024      0.01           0.30           Beat
 Mar. 31 2024      -0.02          -0.26          Missed
 Dec. 31 2023      0.07           -0.42          Missed
 Sep. 30 2023      0.18           -0.24          Missed