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Moog Inc Beats Q1 Earnings and Revenue Estimates

Asktraders News Team trader
Updated 24 Jan 2025

Moog Inc's stock (NYSE: MOG.A) is trading down 0.61% in the pre-market session, as markets digest the latest round of data. The NYSE listed firm, a manufacturer specializing in precision control components and systems, has reported strong first-quarter earnings, surpassing analyst expectations.

The company announced an adjusted earnings per share (EPS) of $1.78, comfortably ahead of the consensus estimate of $1.70. Revenue for the quarter also exceeded forecasts, coming in at $910.32 million against the anticipated $872.04 million.

The company's impressive financial performance was further underscored by robust bookings totaling $1.3 billion. This surge in orders was attributed to record demand in the Space and Defense sectors, accompanied by significant orders in the Commercial Aircraft segment.

Moog's CEO, Pat Roche, commended the company's achievements, highlighting the solid sales growth, impressive bookings, and enhanced profit margins. Roche emphasized the company's dedication to providing value to customers, resulting in notable program wins.

Looking ahead, the company appears poised for sustained progress. The CEO pointed out the operational strategies in place aimed at continuing the trend of margin improvement and generating robust free cash flow in the latter half of 2025. The company's performance and forward-looking initiatives could position it well for future successes as it leverages its operational strengths in an increasingly competitive sector.

These optimistic comments from the CEO, combined with the financial results, suggest that Moog Inc is managing its operations effectively in a challenging market environment. The consensus price target of $233 represents potential upside from current price action on the stock, but with gains of 6% already this year, markets may have been expecting more from the latest print, if current price pre-market action is any guide.

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