Incorporated in 1978, FLIR Systems, Inc. is an Oregon-based corporation, which specializes in designing, manufacturing and marketing of thermal imaging systems. Its products are used in a wide variety of applications in commercial, industrial and government markets, both international and domestic. The company offers a variety of system configurations to suit specific customer requirements.
FLIR’s core strength in providing reliable and effective imaging and threat-detection technologies has been bolstering its growth momentum. This apart, the company’s “Commercially-Developed, Military Qualified” (“CDMQ”) model has been quite popular in government and military markets over the past couple of quarters, and is expected to drive earnings in the to-be-reported quarter as well.
FLIR Systems’ financials have been hurting from waning consumer spending and capital investments over the past few quarters. Sluggish economic growth in many of its key markets is expected to add to FLIR Systems’ challenges. Over the past couple of quarters, currency fluctuations have severely maligned the company’s Maritime Segment and Instruments.
FLIR has missed estimates in each of the last four quarters, resulting in an average negative surprise of 4.6%.
Currently, FLIR has a Zacks Rank #4 (Sell) but that could change following its second-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: FLIR’s adjusted earnings per share came in at 34 cents, missing the Zacks Consensus Estimate of 35 cents by a penny.
Revenue: Revenues of $402.7 million beat the Zacks Consensus Estimate of $402 million by a whisker.
Key Stats: At the end of second-quarter 2016, FLIR's backlog of firm orders for delivery within the next twelve months stood at $629 million, reflecting an increase of 17% from the tally at the end of year-ago quarter.
Stock Price: Shares prices were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back for our full write up on this FLIR earnings report later!
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FLIR Systems (FLIR) Q2 Earnings Lag Estimates
Incorporated in 1978, FLIR Systems, Inc. is an Oregon-based corporation, which specializes in designing, manufacturing and marketing of thermal imaging systems. Its products are used in a wide variety of applications in commercial, industrial and government markets, both international and domestic. The company offers a variety of system configurations to suit specific customer requirements.
FLIR’s core strength in providing reliable and effective imaging and threat-detection technologies has been bolstering its growth momentum. This apart, the company’s “Commercially-Developed, Military Qualified” (“CDMQ”) model has been quite popular in government and military markets over the past couple of quarters, and is expected to drive earnings in the to-be-reported quarter as well.
FLIR Systems’ financials have been hurting from waning consumer spending and capital investments over the past few quarters. Sluggish economic growth in many of its key markets is expected to add to FLIR Systems’ challenges. Over the past couple of quarters, currency fluctuations have severely maligned the company’s Maritime Segment and Instruments.
FLIR has missed estimates in each of the last four quarters, resulting in an average negative surprise of 4.6%.
Currently, FLIR has a Zacks Rank #4 (Sell) but that could change following its second-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: FLIR’s adjusted earnings per share came in at 34 cents, missing the Zacks Consensus Estimate of 35 cents by a penny.
FLIR SYSTEMS Price and EPS Surprise
FLIR SYSTEMS Price and EPS Surprise | FLIR SYSTEMS Quote
Revenue: Revenues of $402.7 million beat the Zacks Consensus Estimate of $402 million by a whisker.
Key Stats: At the end of second-quarter 2016, FLIR's backlog of firm orders for delivery within the next twelve months stood at $629 million, reflecting an increase of 17% from the tally at the end of year-ago quarter.
Stock Price: Shares prices were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back for our full write up on this FLIR earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>