FLIR Systems, Inc. is scheduled to report third-quarter 2018 results on Oct 30, before the market opens. Last quarter, the company delivered a positive earnings surprise of 12.2%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
FLIR Systems consistently banks on acquisitions and strategic investments to boost its core and non-core businesses. To this end, in September, the company acquired Acyclica — a leading developer of software for automotive roadway and intersection data generation and analysis.
In August, FLIR Systems made an investment in CVEDIA. This strategic move will enable the company to accelerate the development of thermal spectrum-based deep learning training tools for FLIR Systems and selected partners in integrating artificial intelligence into its sensors. Such notable earnings accretive investments are expected to boost the company’s bottom line in the third quarter. In line with this, the Zacks Consensus Estimate for FLIR Systems’ earnings is pegged at 57 cents per share, mirroring a year-over-year improvement of 9.6%.
On the flip side, divestment of its security business might continue hurting the top line of FLIR Systems’ Commercial business segment, which in turn may weigh on the company’s overall quarterly revenues. For the quarter to be reported, the Zacks Consensus Estimate for revenues is pegged at $446.2 million, reflecting an annual decline of 4%.
Earnings Whispers
Our proven model does not show that FLIR Systems is likely to beat estimates this quarter. That is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. That is not the case here as you will see below.
Earnings ESP: FLIR Systems has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FLIR Systems’ Zacks Rank #3 when combined with a 0.00% ESP makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Recent Defense Releases
Textron (TXT - Free Report) reported third-quarter 2018 adjusted earnings from continuing operations of 61 cents per share, which missed the Zacks Consensus Estimate of 76 cents by 19.7%. The bottom line also decreased 6.2% from 65 cents in the year-ago quarter.
Boeing (BA - Free Report) reported adjusted earnings of $3.58 per share for third-quarter 2018, beating the Zacks Consensus Estimate of $3.45 by 3.8%. The bottom line reflected an improvement of 36.6% from $2.62 registered in the year-ago quarter.
Teledyne Technologies (TDY - Free Report) reported adjusted third-quarter 2018 earnings of $2.23 per share, which outpaced the Zacks Consensus Estimate of $2.05 by 8.8%. The bottom line also improved 26% from the year-ago quarter’s figure of $1.77.
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FLIR Systems, Inc. is scheduled to report third-quarter 2018 results on Oct 30, before the market opens. Last quarter, the company delivered a positive earnings surprise of 12.2%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
FLIR Systems consistently banks on acquisitions and strategic investments to boost its core and non-core businesses. To this end, in September, the company acquired Acyclica — a leading developer of software for automotive roadway and intersection data generation and analysis.
In August, FLIR Systems made an investment in CVEDIA. This strategic move will enable the company to accelerate the development of thermal spectrum-based deep learning training tools for FLIR Systems and selected partners in integrating artificial intelligence into its sensors. Such notable earnings accretive investments are expected to boost the company’s bottom line in the third quarter. In line with this, the Zacks Consensus Estimate for FLIR Systems’ earnings is pegged at 57 cents per share, mirroring a year-over-year improvement of 9.6%.
On the flip side, divestment of its security business might continue hurting the top line of FLIR Systems’ Commercial business segment, which in turn may weigh on the company’s overall quarterly revenues. For the quarter to be reported, the Zacks Consensus Estimate for revenues is pegged at $446.2 million, reflecting an annual decline of 4%.
Earnings Whispers
Our proven model does not show that FLIR Systems is likely to beat estimates this quarter. That is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. That is not the case here as you will see below.
Earnings ESP: FLIR Systems has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FLIR Systems’ Zacks Rank #3 when combined with a 0.00% ESP makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Recent Defense Releases
Textron (TXT - Free Report) reported third-quarter 2018 adjusted earnings from continuing operations of 61 cents per share, which missed the Zacks Consensus Estimate of 76 cents by 19.7%. The bottom line also decreased 6.2% from 65 cents in the year-ago quarter.
Boeing (BA - Free Report) reported adjusted earnings of $3.58 per share for third-quarter 2018, beating the Zacks Consensus Estimate of $3.45 by 3.8%. The bottom line reflected an improvement of 36.6% from $2.62 registered in the year-ago quarter.
Teledyne Technologies (TDY - Free Report) reported adjusted third-quarter 2018 earnings of $2.23 per share, which outpaced the Zacks Consensus Estimate of $2.05 by 8.8%. The bottom line also improved 26% from the year-ago quarter’s figure of $1.77.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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