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Q: I have a small position in MDA. Please comment on MDA's latest quarterly results. Is it a hold, buy more or sell.

Thanks, Tim.
Asked by tim on May 10, 2024
5i Research Answer:

EPS beat expectations of 13c coming in at 15c. Revenue missed estimates of $212.37M coming in at $209.1M and displaying 3.6% year-over-year growth. Adjusted EBITDA for Q1 was $42 million, down from $48.9 million a year ago. Q2 revenue forecasts came in below expectations, but the company did reaffirm full year guidance. Adjusted EBITDA for Q1 was $42 million, down from $48.9 million a year ago. Backlog continued to be strong at $3.3 billion at quarter end. We think MDA is a hold as the company expects revenue growth to ramp up in the second half of 2024. 

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