Redwire Corporation (RDW) Reports Q3 Loss, Lags Revenue Estimates

Core Insights - Redwire Corporation reported a quarterly loss of $0.21 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.15, marking a 40% earnings surprise [1] - The company generated revenues of $68.64 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.46$62.61 million year-over-year [2] - Redwire Corporation's stock has increased approximately 180.7% year-to-date, significantly outperforming the S&P 500's gain of 21.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.14 on revenues of$74.74 million, and for the current fiscal year, it is -$0.87 on revenues of$310.33 million [7] - The estimate revisions trend for Redwire Corporation is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Aerospace - Defense industry, to which Redwire Corporation belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Redwire's stock performance [5]