Redwire Corp reports results for the quarter ended in September 30 - Earnings Summary

Redwire

07/11/2024 04:57

* Redwire Corp  RDW.N  reported a quarterly adjusted loss
of 37
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -14
cents.  The mean expectation of five analysts for the quarter
was for a loss of 14 cents per share. Wall Street expected
results to range from -17 cents to -11 cents per share.
    * Revenue rose 9.6% to $68.64 million from a year ago;
analysts
expected $70.51 million. 
    * Redwire Corp's reported EPS for the quarter was a loss
of 37
cents​.
    * The company reported a quarterly loss of $24.34 million.
    * Redwire Corp shares had risen by 16.4% this quarter and
gained 180.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.7%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Redwire Corp is
9.00 
This summary was machine generated from LSEG data November 7 at
04:57 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      -0.14          -0.37          Missed
 Jun. 30 2024      -0.11          -0.42          Missed
 Mar. 31 2024      -0.11          -0.17          Missed
 Dec. 31 2023      -0.12          -0.25          Missed