Mercury Systems Inc (NASDAQ:MRCY) secure processing subsystems provider, is expected to report first quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.47 per share.
Looking ahead, the full year income are expected at $ 2.28 per share on the revenues of $ 879.49 million.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.43 ~ $ 0.47 per share, while revenues are expected in a range of $ 190.00 million ~ $ 205.00 million
Full Year 2021 topline are forecasted in a range of$ 860.00 million ~ $ 885.00 million, where as bottomline are predicted in a range of $ 2.15 ~ $ 2.26 per share
Click Here For More Historical Outlooks Of Mercury Systems Inc
Previous Quarter Performance
Mercury Systems Inc recorded income for the fourth quarter of $ 0.72 per share, from the revenue of $ 217.38 million. The quarterly earnings elevated 53.19 percent while revenues elevated 22.84 percent compared with the same quarter last year.
According to street consensus, MRCY was expected to report 4Q20 income of $ 0.57 per share from revenue of $ 212.65 million. The bottom line results beat street analysts by $ 0.15 or 26.32 percent, at the same time, top line results outshined analysts by $ 4.73 million or 2.22 percent.
Stock Performance
Shares of Mercury Systems Inc traded up $ 3.09 or 4.49 percent on Monday, reaching $ 71.97 with volume of 229.70 thousand shares. Mercury Systems Inc has traded high as $ 72.30 and has cracked $ 69.74 on the downward trend
The closing price of $ 71.97, representing a 31.85 % increase from the 52 week low of $ 52.24 and a 28.47 % decrease over the 52 week high of $ 96.29.
The company has a market capital of $ 4.03 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 17th September 2020, upgraded by Goldman Sachs Group to Buy from Neutral rating, with $ 81.00 target price.
Conference Call
Mercury Systems Inc will be hosting a conference call at 5:00 PM eastern time on 3rd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mrcy.com
Mercury Systems, Inc. provides sensor and safety critical mission processing subsystems for various critical aerospace, commercial aviation, defence, and intelligence programs in the United States, Europe, and the Asia Pacific. The companys products and solutions are deployed in approximately 300 programs with 25 defence prime contractors and commercial aviation customers.
