Mercury Sys Q3 2024 Adj EPS $(0.26) Misses $(0.02) Estimate, Sales $208.258M Miss $214.317M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercury Systems (MRCY) reported Q3 2024 adjusted EPS of $(0.26), missing the $(0.02) estimate by 1200%, and a 165% decrease from last year's $0.40 EPS. Sales were $208.258M, missing the $214.317M estimate by 2.83%, and a 20.96% decrease from last year's $263.479M.
May 07, 2024 | 8:16 pm
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NEGATIVE IMPACT
Mercury Systems reported significant misses in both EPS and sales for Q3 2024, with a 1200% miss on EPS estimates and a 20.96% decrease in sales from the previous year.
The substantial miss in both EPS and sales compared to analyst estimates and the significant decrease from the previous year's figures are likely to negatively impact investor sentiment and the stock price of MRCY in the short term. The magnitude of the miss in EPS, being 1200% off the estimate, and the notable year-over-year decline in sales by 20.96%, highlight operational and possibly market challenges that could lead to bearish views on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100