Redwire Corp reports results for the quarter ended June 30 - Earnings Summary

• Redwire Corp RDW reported a quarterly adjusted loss of $1.38​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -42 cents. The mean expectation of eight analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -30 cents to -8 cents per share.

• Revenue fell 20.9% to $61.76 million from a year ago; analysts expected $88.83 million.

• Redwire Corp's reported EPS for the quarter was a loss of $1.41​.

• The company reported a quarterly loss of $126.72 million.

• Redwire Corp shares had fallen by 9.8% this quarter and lost 10.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 146.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Redwire Corp is $23.00, about 40.4% above its last closing price of $13.70

This summary was machine generated from LSEG data August 6 at 10:44 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)