Moog shares tumble after quarter beats but FY guidance falls short

Moog

24/01/2025 16:42

** Shares in Moog Inc  MOGa.N  were down ~7.7%, eyeing their
biggest one-day drop since August, after fiscal Q1 EPS, rev beat
but FY outlook falls short
    ** The provider of precision motion and fluid controls
reported adj EPS of $1.78 vs $1.70 estimate and rev of $910.32
mln vs estimate of $874.36 mln, according to LSEG which shows
ratings from just four analysts
    ** Moog stuck mostly to its previous financial guidance,
estimating FY EPS of $8.20 which compared with Wall St estimate
of $8.26 and rev of $3.70 billion vs Street expectation for
$3.712 bln, as per LSEG
    ** Stock last traded at $193.73 vs median PT of $233.50 as
per LSEG which shows 3 analyst 'buy' ratings and 1 'hold' rating
    ** YTD shares show 1.6% drop after 35.96% gain in 2024

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))