* Mercury Systems Inc 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
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