Aerospace electronics supplier Firan Technology Q3 revenue misses estimates

Overview

• Firan Technology Group Corp Q3 revenue grows 10.8% yr/yr but misses analyst expectations

• Adjusted EPS for Q3 meets analyst expectations

Outlook

• Company did not provide specific financial guidance for future quarters in the press release

Result Drivers

• PRODUCT CERTIFICATION - EASA awarded STC for AFIRS Edge+ on Airbus A319/320/321, enabling global deployment of FLYHT’s 5G WQAR

• FLYHT ACQUISITION - Integration of FLYHT acquisition contributed to profitability and new product sales

• DEFENSE PROGRAM ORDERS - FTG initiated new qualification orders for high-volume US defense programs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the aerospace & defense peer group is "buy"

• Wall Street's median 12-month price target for Firan Technology Group Corp is C$15.00, about 22.3% above its October 7 closing price of C$11.66

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNX2GfYDw

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