Mercury Systems Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Mercury Systems, Inc. MRCY is expected to report its fourth-quarter financial results, after the closing bell on Aug. 15, 2023.

Analysts expect the company to post quarterly earnings at 59 cents per share, down from year-ago earnings of 81 cents per share. The company’s revenue might come in at $282.76 million, compared to $289.73 million in the year-ago period.

Mercury Systems shares fell 0.7% to close at $35.04 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Truist Securities analyst Michael Ciarmoli maintained a Buy rating and cut the price target from $58 to $48 on June 26, 2023. This analyst has an accuracy rate of 75%.

Baird analyst Peter Arment maintained a Neutral rating and slashed the price target from $40 to $30 on June 26, 2023. This analyst has an accuracy rate of 73%.

Raymond James analyst Brian Gesuale maintained an Outperform rating and cut the price target from $55 to $40 on June 26, 2023. This analyst has an accuracy rate of 68%.

JP Morgan analyst Seth Seifman downgraded the stock from Overweight to Neutral and cut the price target from $56 to $37 on June 26, 2023. This analyst has an accuracy rate of 67%.

Jefferies analyst Sheila Kahyaoglu maintained a Hold rating and raised the price target from $50 to $55 on Feb. 6, 2023. This analyst has an accuracy rate of 60%.

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