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Mercury Systems (MRCY) Tops Q4 EPS by 4c

August 1, 2017 4:03 PM

Mercury Systems (NASDAQ: MRCY) reported Q4 EPS of $0.32, $0.04 better than the analyst estimate of $0.28. Revenue for the quarter came in at $115.6 million versus the consensus estimate of $114.47 million.

For the first quarter of fiscal 2018, revenues are forecasted to be in the range of $102 million to $107 million. GAAP net income for the first quarter is expected to be approximately $3.6 million to $4.9 million, or $0.07 to $0.10 per share, assuming no restructuring, acquisition, or financing related expenses in the period, an effective tax rate of approximately 35%, and approximately 47.6 million weighted average diluted shares outstanding. Adjusted EPS is expected to be in the range of $0.24 to $0.26 per share. Adjusted EBITDA for the first quarter of fiscal 2018 is expected to be in the range of $21.4 million to $23.5 million.

For the full fiscal year 2018, we currently expect revenue of $453.0 million to $468.0 million, and GAAP net income of $26.4 million to $30.3 million, or $0.55 to $0.63 per share, assuming approximately 47.8 million weighted average diluted shares outstanding. Adjusted EBITDA for the full fiscal year is expected to be approximately $103.0 million to $109.0 million, and adjusted EPS for the full fiscal year is expected to be approximately $1.15 to $1.23 per share.

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

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