Shares of Mercury have fallen 12%, to $32, this past week after the small-cap defense company reported on Wednesday quarterly adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, of $2M, Nicholas Jasinski writes in this week’s edition of Barron’s. That was down 94% from a year earlier and well below forecasts for $29M. As bad as the numbers were, there are signs of progress, the author argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MRCY:
- Mercury Systems sees FY24 adjusted EPS $1.19-$1.54, consensus $1.33
- Mercury Systems reports Q1 EPS (24c), consensus 18c
- Mercury Systems Reports First Quarter Fiscal 2024 Results
- Mercury Systems (MRCY) Q1 Earnings Cheat Sheet
- U.S. Navy Funds Mercury to Develop Photonics Chiplet Manufacturing Capability for Defense Applications