Mercury Systems Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Mercury Systems, Inc. (NASDAQ:MRCY) is set to release its Q4 earnings on Aug. 13. Analysts expect a significant drop in earnings per share and revenue compared to the previous year. The company recently appointed Tod Brindlinger as Senior VP of Operations. Analyst ratings vary, with some downgrades and price target reductions.
August 12, 2024 | 6:43 pm
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NEGATIVE IMPACT
Mercury Systems is expected to report lower earnings and revenue for Q4. The company recently appointed a new Senior VP of Operations. Analyst ratings are mixed, with some downgrades and price target reductions.
The expected drop in earnings and revenue, along with mixed analyst ratings and recent downgrades, suggest a negative short-term impact on MRCY's stock price. The appointment of a new SVP of Operations may not be enough to offset these concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100