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FEIM's Q4 Earnings Rise Y/Y on Satellite Growth, Stock Down 10%
FEIM's Q4 Earnings Rise Y/Y on Satellite Growth, Stock Down 10%

Yahoo

time3 days ago

  • Business
  • Yahoo

FEIM's Q4 Earnings Rise Y/Y on Satellite Growth, Stock Down 10%

Shares of Frequency Electronics, Inc. FEIM have declined 10.4% since the company reported earnings for the quarter ended April 30, 2025. This compares to a modest 0.5% gain in the S&P 500 index during the same period. Over the past month, FEIM stock has declined 6.6%, underperforming the S&P 500's 5.4% increase, reflecting investor caution despite record quarterly financial results. For the fourth quarter of fiscal 2025, Frequency Electronics posted net income of 34 cents per share, compared to 28 cents per share in the prior-year period. (See the Zacks Earnings Calendar to stay ahead of market-making news.) The company's revenues of $20 million marked a 28.3% increase over the $15.6 million recorded in the same quarter a year earlier. Net income for the quarter rose to $3.3 million compared to $2.6 million in the prior-year period. Operating income followed a similar trajectory, with the fourth quarter contributing $3.3 million, up from $2.5 million a year earlier. Frequency Electronics, Inc. Price, Consensus and EPS Surprise Frequency Electronics, Inc. price-consensus-eps-surprise-chart | Frequency Electronics, Inc. Quote Business Mix and Key Metrics Satellite payloads were a major growth driver, generating $12.1 million in fourth-quarter revenues — 60% of total revenues — up from $6.9 million or 44% in the prior-year quarter. In contrast, non-space U.S. Government/DoD revenues declined to $7 million in the fourth quarter from $7.9 million in the prior-year quarter. Commercial and industrial sales remained a small contributor. Backlog stood at $70 million at fiscal year-end, compared to $78 million a year earlier, while net cash used in operations was $1.4 million, reversing from $8.7 million in cash provided in the previous year. The cash decline partly reflects a $9.6 million dividend paid during the year. Management Commentary CEO Thomas McClelland called the fourth quarter the company's highest-revenue quarter in 25 years. He credited the performance to strong execution that accelerated the recognition of revenues from contracts originally expected to extend into future years. However, he cautioned against expecting similar quarterly results in the near term, emphasizing that while long-term trends remain positive, short-term variability is likely due to changing contract award timings and evolving government procurement processes. CFO Steven Bernstein echoed these sentiments, pointing to a $13.9 million release of deferred tax valuation allowances that contributed to the full-year earnings surge. Management reaffirmed its commitment to disciplined cost controls and highlighted the importance of maintaining technical excellence through increased R&D investments, which rose from $3.4 million to $6.1 million year over year. Factors Behind the Strong Performance The year's success was largely due to performance on space programs, including higher-margin traditional satellite contracts and efficient execution. Additionally, the company benefited from external funding to supplement its internal investments in R&D. These factors combined to support elevated gross margins, which were 43% for the year, although they dipped to 37% in the fourth quarter due to project mix and timing. Fiscal 2025 Update Revenue reached $69.8 million, up 26.3% from $55.3 million in fiscal 2024. For the full year, net income surged to $23.8 million or $2.48 per share, a substantial increase from $5.6 million or 59 cents per share in fiscal 2024. Operating income more than doubled to $11.7 million from $5 million. Satellite payloads contributed $40.9 million or 59% of revenue, compared to $23.2 million or 42% in fiscal 2024. In contrast, non-space U.S. Government/DoD revenues came in at $26.5 million for the year, down from $29 million in fiscal 2024. Strategic Positioning and Forward Outlook FEI is actively targeting emerging opportunities in quantum sensing and alternative navigation technologies. Its compact rubidium atomic clock, branded as TURBO, is expected to launch in the current fiscal year. Bernstein projected that the company's effective tax rate would remain in the single digits for fiscal 2026. Other Developments During the quarter, Frequency Electronics continued its involvement in the GPS IIIF program, confirming product deliveries under active contracts. The company also reaffirmed its plans to host the Second Annual Quantum Sensing Summit in New York City on Oct. 29-30, 2025, underlining its commitment to advancing its presence in the quantum technology domain. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Frequency Electronics, Inc. (FEIM): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

Will Segment Growth Aid Teledyne Technologies' Q2 Earnings?
Will Segment Growth Aid Teledyne Technologies' Q2 Earnings?

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time3 days ago

  • Business
  • Yahoo

Will Segment Growth Aid Teledyne Technologies' Q2 Earnings?

Teledyne Technologies Incorporated (TDY) is slated to post second-quarter 2025 results on July 23, before market open. Teledyne Technologies delivered a four-quarter earnings surprise of 2.69%, on average. Improved sales expectations from all four of its business segments are likely to have boosted TDY's overall second-quarter top line. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) TDY's Digital Imaging Sales Likely to Rise Higher sales volume from commercial infrared imaging components and surveillance systems is expected to have boosted the company's Digital Imaging Sales unit's revenue performance. The Zacks Consensus Estimate for the Digital Imaging segment's second-quarter revenues is pegged at $756.5 million. This indicates year-over-year growth of 2.3%. Teledyne Technologies Incorporated Price and EPS Surprise Teledyne Technologies Incorporated price-eps-surprise | Teledyne Technologies Incorporated Quote TDY's Instrumentation Segment Sales to Increase The Instrumentation unit's revenue performance in the second quarter is likely to have benefited from increasing sales of marine instrumentation, primarily driven by stronger offshore energy and subsea defense markets, as well as higher sales from electronic test and measurement instrumentation. The Zacks Consensus Estimate for the Instrumentation segment's revenues in the second quarter is pegged at $358.5 million, implying a year-over-year rise of 7.5%. TDY's Aerospace & Defense Electronics Holds Growth Potential Solid organic sales of defense electronics products, in addition to sales growth from recent acquisitions, are likely to have boosted this unit's top-line performance. The Zacks Consensus Estimate for Aerospace and Defense Electronics unit's second-quarter revenues is pegged at $240.9 million, implying growth of 23.9% from the top line reported in the year-ago quarter. TDY's Engineered Systems Sales Likely to Remain Strong Higher sales of engineered products, primarily driven by electronic manufacturing services products, are likely to have aided Engineered Systems' revenues. The Zacks Consensus Estimate for second-quarter revenues is pegged at $110.2 million, implying a rise of 3.2% from the top line reported in the year-ago quarter. Q2 Estimates for TDY With all of Teledyne Technologies' segments expected to deliver a solid top-line performance, its overall revenues are projected to have been strong. A robust top-line performance is likely to have bolstered its overall bottom-line performance. Positive synergies from the acquisition of Micropac and Qioptiq are also expected to have contributed favorably to TDY's earnings. The Zacks Consensus Estimate for TDY's revenues is pegged at $1.47 billion, implying a rise of 7.1% from the figure reported in the year-ago quarter. The consensus estimate for second-quarter earnings is pegged at $5.01 per share, indicating 9.4% growth from the prior-year figure. What the Zacks Model Unveils for TDY Our proven model does not conclusively predict an earnings beat for Teledyne Technologies this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below. TDY's Earnings ESP: Teledyne Technologies has an Earnings ESP of +1.22%. You can uncover the best stocks before they're reported with our Earnings ESP Filter. TDY's Zacks Rank: Teledyne Technologies currently carries a Zacks Rank #4 (Sell). Stocks to Consider Below, we have mentioned a few players from the same industry that have the right combination of elements to beat on earnings this reporting cycle. Curtiss-Wright Corp. (CW) is set to report second-quarter 2025 earnings on Aug. 6, after market close. It has an Earnings ESP of +2.58% and a Zacks Rank of 2 at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for earnings is pegged at $3.09 per share, indicating year-over-year growth of 15.7%. The consensus estimate for sales is pegged at $849.8 million, indicating year-over-year growth of 8.3%. Woodward (WWD) is slated to report its fiscal third-quarter 2025 results on July 28, after market close. It has an Earnings ESP of +4.29% and a Zacks Rank of 2 at present. The Zacks Consensus Estimate for WWD's earnings is pegged at $1.62 per share. The consensus estimate for sales is pegged at $887.8 million, indicating year-over-year growth of 4.7%. Transdigm Group (TDG) is expected to report fiscal third-quarter earnings soon. It has an Earnings ESP of +0.25% and carries a Zacks Rank of 3 at present. The Zacks Consensus Estimate for TDG's earnings is pegged at $9.78 per share, indicating year-over-year growth of 8.7%. The consensus estimate for sales is pegged at $2.30 billion, indicating year-over-year growth of 12.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Transdigm Group Incorporated (TDG) : Free Stock Analysis Report Teledyne Technologies Incorporated (TDY) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Packaging Corp Stock Set to Report Q2 Earnings: What to Expect?
Packaging Corp Stock Set to Report Q2 Earnings: What to Expect?

Yahoo

time4 days ago

  • Business
  • Yahoo

Packaging Corp Stock Set to Report Q2 Earnings: What to Expect?

Packaging Corporation of America PKG is set to release second-quarter 2025 results on July 23, after the closing Zacks Consensus Estimate for PKG's second-quarter revenues is pegged at $2.16 billion, indicating 4.1% growth from the year-ago reported consensus estimate for earnings is pegged at $2.44 per share. The Zacks Consensus Estimate for PKG's second-quarter earnings has moved 0.4% north in the past 60 days. The estimate indicates year-over-year growth of 10.9%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research PKG's Earnings Surprise History Packaging Corp's earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and missed in one, the average surprise being 3.4%. Image Source: Zacks Investment Research What the Zacks Model Unveils for Packaging Corp Our model predicts an earnings beat for PKG this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is precisely the case here, as you can see can uncover the best stocks before they are reported with our Earnings ESP ESP: Packaging Corp has an Earnings ESP of +0.77%.Zacks Rank: PKG currently carries a Zacks Rank of 3. Factors Likely to Have Shaped PKG's Q2 Performance Packaging Corp's second-quarter results are expected to reflect the impacts of lower containerboard volume. The price and mix impacts for the Packaging segment are expected to be favorable at 1.5% for the quarter, per our in the Packaging segment is expected to have been strong in the second quarter. Our model predicts the Packaging segment's volume to increase 2.7% year over year in the quarter to be reported, indicating stable packaging estimate for the segment's quarterly revenues is pegged at $1.99 billion, suggesting growth of 4.2% from the year-ago quarter's reported number. Our model estimates the segment's operating income at $291 million, indicating growth of 4% from the prior-year reported the Paper segment, prices and mix are expected to have increased 1% year over year. We expect volume to dip 7.9% year over year. The estimate for the Paper segment's revenues is pegged at $140 million for the June-end quarter, suggesting a dip of 6.9% from the year-ago reported figure. The estimate for the segment's operating income is $46 million, indicating a 75% rise from the prior-year quarter's actual. Packaging Corp's Stock Price Performance Over the past year, PKG shares have gained 7.7% against the industry's 7.1% fall. Image Source: Zacks Investment Research Stocks That Warrant a Look Here are some companies with the right combination of elements to post an earnings beat in their upcoming Electric Co. EMR, expected to release earnings on Aug 6, currently has an Earnings ESP of +0.46% and a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks here. The consensus estimate for Emerson Electric's earnings for the third quarter of fiscal 2025 is pegged at $1.51 per share, indicating year-over-year growth of 5.6%. EMR has a trailing four-quarter average surprise of 3.4%.Illinois Tool Works Inc. ITW, slated to release second-quarter 2025 results on July 30, has an Earnings ESP of +0.97% and a Zacks Rank of 3 at Zacks Consensus Estimate for Illinois Tool Works' second-quarter 2025 earnings is pegged at $2.55 per share, suggesting a year-over-year rise of 0.4%. ITW has a trailing four-quarter average surprise of 3%.Crown Holdings, Inc. CCK is scheduled to release second-quarter 2025 results on July 21. It currently has an Earnings ESP of +0.27% and a Zacks Rank of Zacks Consensus Estimate for Crown Holdings' earnings is pegged at $1.86 per share, which indicates a year-over-year increase of 2.8%. CCK has a trailing four-quarter average surprise of 16.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Emerson Electric Co. (EMR) : Free Stock Analysis Report Packaging Corporation of America (PKG) : Free Stock Analysis Report Crown Holdings, Inc. (CCK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

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