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BUZZ-Moog shares tumble after quarter beats but FY guidance falls short

ReutersJan 24, 2025 4:42 PM

** Shares in Moog Inc MOGa.N were down ~7.7%, eyeing their biggest one-day drop since August, after fiscal Q1 EPS, rev beat but FY outlook falls short

** The provider of precision motion and fluid controls reported adj EPS of $1.78 vs $1.70 estimate and rev of $910.32 mln vs estimate of $874.36 mln, according to LSEG which shows ratings from just four analysts

** Moog stuck mostly to its previous financial guidance, estimating FY EPS of $8.20 which compared with Wall St estimate of $8.26 and rev of $3.70 billion vs Street expectation for $3.712 bln, as per LSEG

** Stock last traded at $193.73 vs median PT of $233.50 as per LSEG which shows 3 analyst 'buy' ratings and 1 'hold' rating

** YTD shares show 1.6% drop after 35.96% gain in 2024

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