Movement Alert｜Forgent Power Solutions, Inc. Intraday Rise 5.37%, recent analyst coverage keeps attention on growth outlook

Market Focus10-19 21:41

On October 19, Forgent Power Solutions, Inc. rose 5.37% in Regular Trading, trading at $32.105 per share, with turnover of $11.4445 million.

A recent event catalyst was new analyst coverage: Wells Fargo initiated coverage with an Equal Weight rating, while Bernstein later initiated with an Outperform rating, keeping investor focus on the company’s growth profile.

That attention follows a strong fiscal fourth-quarter update released in mid-September. The company reported revenue of $461.7 million, up from $237.6 million a year earlier and above the $429.9 million consensus, while adjusted EPS of $0.31 also beat the $0.24 estimate. Management guided fiscal revenue to $2.4 billion to $2.6 billion and adjusted EPS to $1.26 to $1.40, both ahead of market expectations, alongside record bookings and a backlog that reached $3.0 billion.

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