Firefly Aerospace (NASDAQ:FLY) Issues Earnings Results, Misses Expectations By $4.88 EPS

Key Points

• Firefly Aerospace reported an earnings per share (EPS) of ($5.30), missing analysts' estimates by ($4.88).
• The company's stock reached $49.52 during trading, with notable analyst ratings including a "buy" from Roth Capital and a upgrade to "strong-buy" from Jefferies Financial Group.
• Currently, Firefly Aerospace has a consensus rating of "Moderate Buy" and a price target of approximately $55.86 among analysts.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($5.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.42) by ($4.88), Zacks reports.

Firefly Aerospace Stock Performance

NASDAQ FLY traded up $4.32 during trading on Monday, reaching $49.52. 1,880,999 shares of the company's stock were exchanged, compared to its average volume of 1,248,027. Firefly Aerospace has a fifty-two week low of $41.57 and a fifty-two week high of $73.80.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Roth Capital assumed coverage on shares of Firefly Aerospace in a research note on Wednesday, September 10th. They set a "buy" rating and a $60.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They set an "overweight" rating and a $55.00 target price for the company. Jefferies Financial Group raised Firefly Aerospace to a "strong-buy" rating in a report on Tuesday, September 2nd. Wall Street Zen cut Firefly Aerospace from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They issued a "hold" rating and a $45.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.86.

Firefly Aerospace Company Profile

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.

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