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Mercury Systems (MRCY) Up 5.6% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-06-06 16:35
A month has gone by since the last earnings report for Mercury Systems (MRCY) . Shares have added about 5.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Mercury Systems due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Mercury Systems Q3 Earnings & Revenues Mis ...
INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Mercury Systems Inc. to Contact Law Firm
prnewswire.com· 2024-05-17 22:44
Shareholders who purchased before February 3, 2021 should email: [email protected] The investigation concerns false and/or misleading statements and/or failure to disclose that: (i) Mercury Systems' serial acquirer strategy was not working and Mercury Systems was using improper revenue recognition practices such as changing to long-term contracts to mask deteriorating organic growth; (ii) Mercury Systems' acquisition of Physical Optics Corporation ("POC") caused POC to lose its small business accreditation, ...
Mercury Systems (MRCY) Q3 Earnings & Revenues Miss Estimates
Zacks Investment Research· 2024-05-08 13:21
Mercury Systems (MRCY) reported third-quarter fiscal 2024 results, wherein both the top and bottom lines missed the Zacks Consensus Estimate.The aerospace and defense tech firm reported a non-GAAP loss of 26 cents per share, wider than the Zacks Consensus Estimate of a loss of 15 cents. The bottom line plunged 165% year over year, mainly due to increased costs and higher interest expenses.Mercury Systems’ non-GAAP revenues decreased 21% to $208.26 million from $263.5 million reported in the year-ago quarter ...
Mercury Systems (MRCY) Reports Q3 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-08 00:01
Mercury Systems (MRCY) reported $208.26 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 21%. EPS of -$0.26 for the same period compares to $0.40 a year ago.The reported revenue represents a surprise of -1.78% over the Zacks Consensus Estimate of $212.03 million. With the consensus EPS estimate being -$0.15, the EPS surprise was -73.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...
Mercury Systems(MRCY) - 2024 Q3 - Quarterly Report
2024-05-07 20:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER: 001-41194 ________________________________________________________________ ME ...
Mercury Systems(MRCY) - 2024 Q3 - Quarterly Results
2024-05-07 20:00
Exhibit 99.1 FOR IMMEDIATE RELEASE Total bookings for the third quarter of fiscal 2024 were $219.9 million, yielding a book-to-bill ratio of 1.06 for the quarter. Total Company GAAP net loss and loss per share for the third quarter of fiscal 2024 was ($44.6) million, and ($0.77), respectively, compared to GAAP net income and earnings per share of $5.2 million, and $0.09, respectively, for the third quarter of fiscal 2023. Adjusted (loss) earnings per share ("adjusted EPS") was ($0.26) per share for the thir ...
Mercury Systems (MRCY) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Zacks Investment Research· 2024-04-30 15:06
Mercury Systems (MRCY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On ...
Mercury Systems(MRCY) - 2024 Q2 - Quarterly Report
2024-02-06 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER: 001-41194 ________________________________________________________________ ...
Mercury Systems(MRCY) - 2024 Q1 - Earnings Call Presentation
2023-11-07 22:21
| --- | --- | |-------------------------------------------------------------------------------------------------|-------| | | | | Today's Call | | | Opening remarks on Business and Results | | | Priorities and Focus Areas | | | FY24 Outlook and Longer-Term Expectations | | | Q1 FY24 Financial Results and Guidance | | | Q&A | | | | | | © Mercury Systems, Inc. Does not contain Technical Data. //Mercury Proprietary/No Tech Data// | | | --- | |-------------------------------------------------------------------- ...
Mercury Systems(MRCY) - 2024 Q1 - Quarterly Report
2023-11-07 21:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended September 29, 2023 FORM 10-Q ________________________________________________________________ OR ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER: 0-23599 ________________________________________________________________ ...