Mercury Systems (NASDAQ:MRCY) reported its Q1 earnings results on Tuesday, November 2, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Mercury Systems their estimated earnings by 2.5%, reporting an EPS of $0.41 versus an estimate of $0.4, which did not surprise analysts.
Revenue was up $19,392,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06, which was followed by a 12.05% drop in the share price the next day.
Here’s a look at Mercury Systems’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.67 | 0.62 | 0.51 | 0.47 |
| EPS Actual | 0.73 | 0.64 | 0.54 | 0.51 |
| Revenue Estimate | 243.06M | 253.20M | 209.67M | 199.61M |
| Revenue Actual | 250.84M | 256.86M | 210.68M | 205.62M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Mercury Systems management provided guidance for their next quarter, expecting earnings between $0.38 and $0.41 per share for the nextquarter.
This represents a -3.66% in quarter-over-quarter growth for Mercury Systems, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
