Overview

• U.S. aerospace tech firm's fiscal Q3 revenue rose 11.5%, beating analyst expectations

• Adjusted EBITDA for fiscal Q3 up 46.2%, beating analyst expectations

• Company reported record Q3 bookings and backlog, driven by strong demand

Outlook

• Company did not provide specific guidance for the current or upcoming periods

Result Drivers

• STRONG DEMAND - Co said record bookings and backlog reflected strong demand for its products

• EXECUTION - Management attributed better-than-expected organic growth and margin expansion to solid execution

Company press release: ID:nGNX5bpdFb

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$236 mln	$209.87 mln (9 Analysts)
Q3 EPS		-$0.04
Q3 Net Income		-$2.86 mln
Q3 Adjusted EBITDA	Beat	$36 mln	$22.79 mln (9 Analysts)

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the aerospace & defense peer group is "buy"

• Wall Street's median 12-month price target for Mercury Systems Inc is $102.00, about 29.9% above its May 4 closing price of $78.53

• The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 72 three months ago

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