Wall Street analysts forecast that Mercury Systems (MRCY) will report quarterly earnings of $0.21 per share in its upcoming release, pointing to a year-over-year decline of 8.7%. It is anticipated that revenues will amount to $241.71 million, exhibiting a decrease of 2.8% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Mercury Systems metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Net Revenue- Sensor & Effector- Radar' to reach $46.20 million. The estimate indicates a change of +10.2% from the prior-year quarter.
Analysts predict that the 'Net Revenue- Sensor & Effector- Electronic Warfare' will reach $37.91 million. The estimate indicates a year-over-year change of -0.7%.
The consensus among analysts is that 'Net Revenue- Other' will reach $23.60 million. The estimate suggests a change of -29.9% year over year.
The collective assessment of analysts points to an estimated 'Net Revenue- Sensor & Effector- Total' of $117.24 million. The estimate suggests a change of -0.3% year over year.
Analysts' assessment points toward 'Net Revenue- C4I' reaching $100.60 million. The estimate suggests a change of +3.4% year over year.
The combined assessment of analysts suggests that 'Net Revenue- Sensor & Effector- Other Sensor & Effector' will likely reach $33.14 million. The estimate indicates a change of -11.7% from the prior-year quarter.
View all Key Company Metrics for Mercury Systems here>>>
Mercury Systems shares have witnessed a change of +4.3% in the past month, in contrast to the Zacks S&P 500 composite's +0.5% move. With a Zacks Rank #5 (Strong Sell), MRCY is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Mercury Systems Inc (MRCY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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