Mercury Systems (MRCY) Tops Q3 EPS by 8c

Mercury Systems (NASDAQ: MRCY) reported Q3 EPS of $0.60, $0.08 better than the analyst estimate of $0.52. Revenue for the quarter came in at $208 million versus the consensus estimate of $199.05 million.

"The record performance in the third quarter of fiscal year 2020 demonstrates the resiliency of our people and our business in a period of unparalleled challenges,” said Mark Aslett, Mercury’s President and Chief Executive Officer. “We achieved record bookings of $250 million yielding a book-to-bill of 1.20 and another record backlog as well as record revenues, net income, adjusted EBITDA, EPS and adjusted EPS. While the COVID-19 global pandemic continues to disrupt the economies and financial markets of many countries and we are unable to predict its ultimate impact, we remain focused on continuing the mission-critical work we do every day to support our people, our customers and the ongoing security of our nation,” said Aslett.

GUIDANCE:

Mercury Systems sees Q4 2020 EPS of $0.54-$0.58, versus the consensus of $0.61. Mercury Systems sees Q4 2020 revenue of $205-215 million, versus the consensus of $215.93 million.

Mercury Systems sees FY2020 EPS of $2.12-$2.16, versus the consensus of $2.11. Mercury Systems sees FY2020 revenue of $785-795 million, versus the consensus of $785.62 million.

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

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