We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wall Street's Insights Into Key Metrics Ahead of Elbit (ESLT) Q1 Earnings
Read MoreHide Full Article
The upcoming report from Elbit Systems (ESLT - Free Report) is expected to reveal quarterly earnings of $3.44 per share, indicating an increase of 33.9% compared to the year-ago period. Analysts forecast revenues of $2.14 billion, representing an increase of 12.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Elbit metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenues by segments- Aerospace' will reach $509.90 million. The estimate indicates a year-over-year change of +1.1%.
The consensus estimate for 'Revenues by segments- C4I and Cyber' stands at $242.63 million. The estimate points to a change of +10.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues by segments- Land' should come in at $713.29 million. The estimate points to a change of +27.2% from the year-ago quarter.
The average prediction of analysts places 'Revenues by segments- ESA' at $426.53 million. The estimate points to a change of +5.5% from the year-ago quarter.
Analysts forecast 'Revenues by segments- ISTAR and EW' to reach $405.27 million. The estimate points to a change of +12.3% from the year-ago quarter.
Shares of Elbit have experienced a change of -10.9% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ESLT is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Wall Street's Insights Into Key Metrics Ahead of Elbit (ESLT) Q1 Earnings
The upcoming report from Elbit Systems (ESLT - Free Report) is expected to reveal quarterly earnings of $3.44 per share, indicating an increase of 33.9% compared to the year-ago period. Analysts forecast revenues of $2.14 billion, representing an increase of 12.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Elbit metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenues by segments- Aerospace' will reach $509.90 million. The estimate indicates a year-over-year change of +1.1%.
The consensus estimate for 'Revenues by segments- C4I and Cyber' stands at $242.63 million. The estimate points to a change of +10.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues by segments- Land' should come in at $713.29 million. The estimate points to a change of +27.2% from the year-ago quarter.
The average prediction of analysts places 'Revenues by segments- ESA' at $426.53 million. The estimate points to a change of +5.5% from the year-ago quarter.
Analysts forecast 'Revenues by segments- ISTAR and EW' to reach $405.27 million. The estimate points to a change of +12.3% from the year-ago quarter.
View all Key Company Metrics for Elbit here>>>Shares of Elbit have experienced a change of -10.9% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ESLT is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .