Movement Alert|Forgent Power Solutions Rises 5.06% in Regular Trading, Strong Earnings and Bernstein Outperform Rating Fuel Gains

Market Focus
Yesterday

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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10