Mercury Systems Sees FY24 Revenues Of $950M-$1.00B (Est. $1.05B), Adjusted EPS Of $1.14-$1.48 (Est. $1.76)
Portfolio Pulse from Benzinga Newsdesk
Mercury Systems has projected its FY24 revenues to be between $950M and $1.00B, which is lower than the estimated $1.05B. The company also expects its adjusted EPS to be between $1.14 and $1.48, lower than the estimated $1.76.
August 15, 2023 | 8:14 pm
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Mercury Systems' lower than expected FY24 revenue and adjusted EPS projections could negatively impact its stock price.
Mercury Systems' projected revenues and adjusted EPS for FY24 are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100