On October 7, Forgent Power Solutions, Inc. rose 5.06% in regular trading, trading at $40.94/share, with turnover of $162 million.
The move followed continued positive sentiment after the company reported record fiscal Q4 results and received a fresh outperform rating from Bernstein on October 2, which reinforced analyst confidence in the company's growth trajectory.
Fiscal Q4 revenue reached $462 million, up 94% year over year, while quarterly bookings surged 375% to $1.503 billion, driving a book-to-bill ratio of 3.3 times. Backlog climbed to a record $3 billion. Fiscal 2027 revenue guidance of $2.4 billion to $2.6 billion exceeded FactSet consensus of $2.09 billion, with adjusted EPS guidance of $1.26 to $1.40 also above estimates. Analysts polled by FactSet have an average overweight rating and a mean price target of $55.75.
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