Mercury Systems Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Mercury Systems, Inc. (NASDAQ:MRCY) is set to report its Q4 financial results on Aug. 15, 2023. Analysts predict a decrease in earnings per share and revenue compared to the previous year. The company's shares fell 0.7% to close at $35.04 on Monday. Several analysts have revised their ratings and price targets for the company, with most reducing their targets.
August 15, 2023 | 1:44 pm
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Mercury Systems is expected to report lower Q4 earnings and revenue. The company's shares fell 0.7% recently. Analysts have revised their ratings and price targets, mostly downwards.
The expected decrease in earnings and revenue for Mercury Systems, along with the recent fall in share price, indicate potential negative short-term impact. Additionally, the downward revision of ratings and price targets by analysts further suggests a negative outlook.
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