Forgent Power Solutions Stock Rises on Record Q4, Fresh Analyst Target Hike
Forgent Power Solutions, Inc. (NYSE: FPS ) shares are trading higher Wednesday on continued momentum after the company reported record fourth quarter and full year 2026 results this week. Forgent Power Solutions shares are powering higher. What’s fueling FPS momentum? Forgent Power Solutions Q4 Highlights Forgent on Tuesday reported fourth-quarter adjusted earnings per share of 25 cents, beating the consensus estimate of 24 cents. In addition, the company reported revenue of $461.67 million, beating the consensus estimate of $429.94 million. Revenue was up 94% year-over-year, with bookings of $1.5 billion, up 375% year-over-year and representing a 3.3x book-to-bill ratio. Backlog reached $3 billion, up 256% year-over-year. Adjusted EBITDA rose 163% year-over-year to $113 million, with adjusted EBITDA margin up roughly 200 basis points to 24.4%. Revenue, adjusted EBITDA, and adjusted net income all exceeded the high end of the company’s May guidance. “We booked more than $1.5 billion of orders in the fourth quarter — an amount that exceeded our total revenue for the full fiscal year — highlighting the strength of our offerings,” said Gary Niederpruem, CEO of Forgent. “Our performanc
Forgent Power Solutions, Inc. (NYSE: FPS ) shares are trading higher Wednesday on continued momentum after the company reported record fourth quarter and full year 2026 results this week. Forgent Power Solutions shares are powering higher. What’s fueling FPS momentum?
Forgent Power Solutions Q4 Highlights Forgent on Tuesday reported fourth-quarter adjusted earnings per share of 25 cents, beating the consensus estimate of 24 cents. 94 million. 3x book-to-bill ratio. Backlog reached $3 billion, up 256% year-over-year.
4%. Revenue, adjusted EBITDA, and adjusted net income all exceeded the high end of the company’s May guidance. 5 billion of orders in the fourth quarter — an amount that exceeded our total revenue for the full fiscal year — highlighting the strength of our offerings,” said Gary Niederpruem, CEO of Forgent. 8 billion.
14 per share. Following the earnings beat, TD Cowen analyst Michael Elias maintained a Buy rating on Forgent Power Solutions and raised the price target from $73 to $76, citing strong results. 90, according to data Pro. Read Also: Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Gain Ahead of FOMC's Anticipated Rate Hike Decision— INTC, SKHY, LEN, TCOM in Focus (UPDATED) This illustration was generated using artificial intelligence via Midjourney.