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

Mercury Systems

07/05/2024 22:48

* Mercury Systems Inc  MRCY.OQ  reported a quarterly
adjusted loss
of 26 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 40 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -19 cents to 35 cents per share.
    * Revenue fell 21% to $208.26 million from a year ago;
analysts
expected $214.32 million. 
    * Mercury Systems Inc's reported EPS for the quarter was a
loss
of 77 cents​.
    * The company reported a quarterly loss of $44.57 million.
    * Mercury Systems Inc shares had fallen by 1.1% this
quarter and
lost 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 104.9% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $27.00 
This summary was machine generated from LSEG data May 7 at 09:47
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
 Mar. 31 2024                     -0.26          
 Dec. 31 2023      0.07           -0.42          Missed
 Sep. 30 2023      0.18           -0.24          Missed
 Jun. 30 2023      0.59           0.11           Missed