Mercury Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

Mercury Systems

06/11/2024 04:34

* Mercury Systems Inc  MRCY.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -21 cents to 1
cents per share.
    * Revenue rose 13% to $204.43 million from a year ago;
analysts
expected $181.77 million. 
    * Mercury Systems Inc's reported EPS for the quarter was a
loss
of 30 cents​.
    * The company reported a quarterly loss of $17.53 million.
    * Mercury Systems Inc shares had fallen by 10.1% this
quarter and
lost 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $32.50 
This summary was machine generated from LSEG data November 6 at
04:34 a.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
 Sep. 30 2024      -0.08          0.04           Beat
 Jun. 30 2024      0.01           0.30           Beat
 Mar. 31 2024      -0.02          -0.26          Missed
 Dec. 31 2023      0.07           -0.42          Missed