Redwire (RDW) Set to Announce Earnings on Wednesday

Redwire (NYSE:RDW) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Redwire has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Redwire (NYSE:RDW) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The company had revenue of $63.49 million during the quarter, compared to analysts’ expectations of $60.97 million. On average, analysts expect Redwire to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Redwire Stock Up 1.1 %

Shares of RDW traded up $0.04 during trading on Wednesday, reaching $3.82. The company’s stock had a trading volume of 26,176 shares, compared to its average volume of 216,576. The company has a fifty day moving average of $3.69 and a two-hundred day moving average of $3.12. Redwire has a twelve month low of $2.35 and a twelve month high of $4.79. The company has a market cap of $250.52 million, a price-to-earnings ratio of -5.23 and a beta of 1.74.

Analyst Ratings Changes

Separately, Cantor Fitzgerald began coverage on Redwire in a research report on Friday, February 2nd. They issued an “overweight” rating and a $5.00 target price on the stock.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.