Mercury Systems (MRCY) reported first-quarter fiscal 2025 results, wherein both top and bottom lines beat the Zacks Consensus Estimate.The aerospace and defense tech firm reported non-GAAP earnings of 4 cents per share against the Zacks Consensus Estimate of a loss of 13 cents. The bottom line surged 116.7% year over year.Mercury Systems’ non-GAAP revenues increased 13% year over year to $204.4 million. The top line beat the consensus mark by 12.9%. MRCY’s earnings beat the Zacks Consensus Estimate once in ...

Core Insights - Mercury Systems (MRCY) reported revenue of $204.43 million for the quarter ended September 2024, marking a year-over-year increase of 13% and exceeding the Zacks Consensus Estimate by 12.90% [1] - The company achieved an EPS of $0.04, a significant improvement from -$0.24 a year ago, resulting in an EPS surprise of 130.77% compared to the consensus estimate of -$0.13 [1] Revenue Performance by Segment - Net Revenue from Sensor & Effector - Radar was $33.75 million, surpassing the average estimate of $23.78 million, reflecting an 18.2% year-over-year increase [3] - Net Revenue from Sensor & Effector - Electronic Warfare was $26.35 million, below the average estimate of $29.01 million, indicating a decline of 6.4% year-over-year [3] - Net Revenue from Other segments reached $32.69 million, significantly exceeding the average estimate of $14.63 million, with a remarkable year-over-year change of 174.2% [3] - Total Net Revenue from Sensor & Effector was $86.46 million, above the average estimate of $76.68 million, showing an 11% year-over-year increase [3] - Net Revenue from C4I was $85.28 million, slightly below the average estimate of $89.83 million, reflecting a year-over-year decline of 6.5% [3] - Net Revenue from Sensor & Effector - Other Sensor & Effector was $26.37 million, exceeding the average estimate of $23.90 million, with a year-over-year increase of 24.6% [3] Stock Performance - Over the past month, shares of Mercury Systems have declined by 9.5%, compared to a 0.5% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Mercury Systems (MRCY) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 130.77%. A quarter ago, it was expected that this maker of processing systems and software would post a loss of $0.07 per share when it actually produced earnings of $0.23, delivering a surprise of 428.57%.Ov ...

Core Insights - Mercury Systems, Inc. reported Q1 FY25 bookings of $247.7 million, a 29% increase year-over-year, with a book-to-bill ratio of 1.21 [2][3] - Revenue for Q1 FY25 was $204.4 million, reflecting a 13% year-over-year growth [2][3] - The company recorded a GAAP net loss of $17.5 million, significantly improved from a loss of $36.7 million in the same quarter last year [4][17] - Adjusted EBITDA for the quarter was $21.5 million, a substantial increase from $2.0 million in Q1 FY24 [5][19] - The total backlog reached a record $1.34 billion, up 16% year-over-year, with $777.0 million expected to be recognized as revenue within the next 12 months [7] Financial Performance - Total revenues for Q1 FY25 were $204.4 million, compared to $181.0 million in Q1 FY24 [3] - The adjusted EBITDA margin for Q1 FY25 was 10.5%, indicating improved operational efficiency [2] - Cash flows used in operating activities were $14.7 million, a decrease from $39.1 million in Q1 FY24, while free cash flow was $(20.9) million compared to $(47.1) million in the prior year [6][36] Backlog and Future Outlook - The total backlog as of September 27, 2024, was $1.34 billion, an increase of $187.8 million from the previous year [7] - The company anticipates continued organic growth with expanding margins and robust free cash flow, as stated by the CEO [2]

ANDOVER, Mass., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a five-year contract worth as much as $131.3 million from the U.S. Naval Air Systems Command (NAVAIR) to continue providing secure data transfer systems for naval aircraft. Mercury has been delivering Advanced Data Transfer Systems (ADTS) and components to the Navy since 2017 to support numerous ...

ANDOVER, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its first quarter fiscal year 2025 financial results after the market close on Tuesday, November 5, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company represent ...

A month has gone by since the last earnings report for Mercury Systems (MRCY) . Shares have lost about 10.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Mercury Systems due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Mercury Systems Q4 Earnings & Revenues B ...

Where estimates-beating companies go, price target-raising analysts follow. Mercury Systems (MRCY 0.85%) stock appeared set to lock in a double-digit gain in share price this week. According to data compiled by S&P Global Market Intelligence, as of the wee hours Friday morning the defense communications company's shares were up by nearly 13% week to date. A strong earnings report was the key factor in that rise. Analyst estimates were obliterated Mercury published its fourth quarter of fiscal 2024 figures a ...

William_Potter In May, I analyzed Mercury Systems, Inc. and attached a hold rating to the stock with a $42.15 price target with FY26 eamings in mind against a peer group valuation and $42.91 with FY25 earnings in mind against the company median EV/EBITDA valuation. The company presented its fourth quarter results resently and the stock surged 17% to $40. I had a hold rating on the stock and perhaps that should have been a buy rating, but I was not impressed with the risk profile. In this report, I will be d ...

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining around 250 points on Wednesday. The Dow traded up 0.65% to 40,022.71 while the NASDAQ fell 0.20% to 17,153.85. The S&P 500 also rose, gaining, 0.24% to 5,447.57. Leading and Lagging Sectors Financials shares climbed by 1.1% on Tuesday. In trading on Tuesday, communication services shares fell 1.3%. Top Headline UBS Group AG UBS posted strong second-quarter earnings. UBS Group reported second-quarter FY24 sales of $11.9 bill ...