Mercury Systems (NASDAQ: MRCY) reported Q3 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $107.3 million versus the consensus estimate of $105.54 million.

GUIDANCE:

Mercury Systems sees Q4 2017 EPS of $0.14-$0.16, versus the consensus of $0.16. Mercury Systems sees Q4 2017 revenue of $112-116 million, versus the consensus of $108.22 million.

Business Outlook

This section presents our current expectations and estimates, given current visibility, on our business outlook for the current fiscal quarter and fiscal year 2017. It is possible that actual performance will differ materially from the estimates given, either on the upside or on the downside. Investors should consider all of the risks with respect to these estimates, including those listed in the Safe Harbor Statement below and in our periodic filings with the U.S. Securities and Exchange Commission, and make themselves aware of how these risks may impact our actual performance. For the fourth quarter of fiscal 2017, revenues are forecasted to be in the range of approximately $112 million to $116 million. GAAP net income for the fourth quarter is expected to be approximately $6.5 million to $7.7 million, assuming no restructuring, acquisition, or additional financing related expenses in the period. GAAP EPS and adjusted EPS are expected to be in the range of $0.14 to $0.16 and $0.26 to $0.29 per share, respectively, assuming an effective tax rate of 35% and a 47.3 million diluted weighted average share count. Adjusted EBITDA for the fourth quarter of fiscal 2017 is expected to be in the range of $24.8 million to $26.7 million.

For the full fiscal year 2017, before adding the impact of Delta Microwave, we now expect revenue to be between $400 million and $404 million, up from our prior expectation of $377 million to $384 million. Including Delta Microwave, total revenue for fiscal 2017 is now expected to be approximately $405 million to $409 million, with total GAAP net income of $22.6 million to $23.8 million, or $0.52 to $0.55 per share. Total adjusted EBITDA for the full fiscal year is now expected to be approximately $91.0 million to $92.9 million, representing approximately 22.5% to 22.7% of revenue. Adjusted EPS for fiscal 2017 is expected to be approximately $1.08 to $1.11 per share, assuming an effective tax rate of 35% and a 43.1 million diluted weighted average share count.

For earnings history and earnings-related data on Mercury Systems (MRCY) click here.