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 and intensifying competition in retail channels are expected to add to FLIR Systems’ challenges.
FLIR has had a dismal earnings surprise history, missing estimates twice in the trailing four quarters, for an average negative surprise of 1.3%.
FLIR Systems, Inc. Price, Consensus and EPS Surprise
Currently, FLIR has a Zacks Rank #3 (Hold) but that could change following its third-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: FLIR’s adjusted earnings per share came in at 52 cents, beating the Zacks Consensus Estimate of 48 cents.
Revenue: Revenues of $464.7 million were higher than the Zacks Consensus Estimate of $446 million.
Key Stats: At the end of third-quarter 2017, FLIR's backlog of firm orders for delivery within the next twelve months stood at $709 million, reflecting an increase of 10.1% from the tally at the end of year-ago quarter. Also, each of the company’s six segments registered year-over-year revenue increase.
Stock Price: FLIR’s shares were up 2.5% in the pre-market trading following the release.
Check back for our full write up on this FLIR earnings report later!
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FLIR Systems' (FLIR) Q3 Earnings and Revenues Beat 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 and intensifying competition in retail channels are expected to add to FLIR Systems’ challenges.
FLIR has had a dismal earnings surprise history, missing estimates twice in the trailing four quarters, for an average negative surprise of 1.3%.
FLIR Systems, Inc. Price, Consensus and EPS Surprise
FLIR Systems, Inc. Price, Consensus and EPS Surprise | FLIR Systems, Inc. Quote
Currently, FLIR has a Zacks Rank #3 (Hold) but that could change following its third-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: FLIR’s adjusted earnings per share came in at 52 cents, beating the Zacks Consensus Estimate of 48 cents.
Revenue: Revenues of $464.7 million were higher than the Zacks Consensus Estimate of $446 million.
Key Stats: At the end of third-quarter 2017, FLIR's backlog of firm orders for delivery within the next twelve months stood at $709 million, reflecting an increase of 10.1% from the tally at the end of year-ago quarter. Also, each of the company’s six segments registered year-over-year revenue increase.
Stock Price: FLIR’s shares were up 2.5% in the pre-market trading following the release.
Check back for our full write up on this FLIR earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>