Mercury Sys Q4 2024 Adj. EPS $0.23 Beats $0.02 Estimate, Sales $248.563M Beat $230.687M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercury Systems (NASDAQ:MRCY) reported Q4 2024 adjusted EPS of $0.23, significantly beating the analyst estimate of $0.02. The company also reported sales of $248.563 million, surpassing the estimate of $230.687 million. However, this represents a 1.85% decrease compared to the same period last year.
August 13, 2024 | 8:07 pm
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Mercury Systems reported Q4 2024 adjusted EPS of $0.23, beating the analyst estimate of $0.02 by 1050%. Sales of $248.563 million also exceeded expectations but were down 1.85% year-over-year.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on MRCY's stock price. Despite the slight year-over-year sales decline, the market is expected to react favorably to the strong earnings performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100