Mercury Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Mercury Systems Inc MRCY.OQ reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of eight analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 18 cents to 33 cents per share.

• Revenue rose 9.9% to $273.11 million from a year ago; analysts expected $245.40 million.

• Mercury Systems Inc's reported EPS for the quarter was 27 cents​.

• The company reported quarterly net income of $16.37 million.

• Mercury Systems Inc shares had fallen by 1.9% this quarter and gained 25.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Mercury Systems Inc is $52.50, about 0.6% below its last closing price of $52.83

This summary was machine generated from LSEG data August 11 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)