On September 17, Forgent Power Solutions, Inc. rose 5.11% in pre-market trading, trading at 36.54 USD/share, with turnover of $1.5955 million, extending the rally following last week's record Q4 earnings release and a fresh bullish analyst endorsement.
On the news front, Oppenheimer issued a report stating the company is providing a blueprint for growth, citing the fiscal Q4 results beat and a rapidly expanding backlog on record orders. This comes on top of the company's strong Q4 results released on September 15: revenue reached $461.7 million, up 94% year-over-year and beating the $429.9 million consensus; adjusted EPS of $0.31 topped estimates of $0.24 by 29%. Quarterly orders surged 375% to $1.503 billion, pushing the backlog to a record $3 billion. Full-year fiscal 2026 revenue hit $1.42 billion, up 89%, while net income soared 508% to $106 million. The company also guided fiscal 2027 revenue of $2.4 billion to $2.6 billion, well above the $2.09 billion Street estimate, and adjusted EPS of $1.26 to $1.40 versus the $1.19 consensus.
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