Mercury Systems(US:MRCY) ZACKS·2024-11-06 01:01Core 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]