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Ahead of Elbit (ESLT) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Elbit Systems (ESLT - Free Report) will report quarterly earnings of $3.97 per share in its upcoming release, pointing to a year-over-year increase of 18.5%. It is anticipated that revenues will amount to $2.28 billion, exhibiting an increase of 18.7% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 6.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Elbit metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenues by segments- Aerospace' will reach $501.96 million. The estimate suggests a change of +5.1% year over year.
Analysts expect 'Revenues by segments- C4I and Cyber' to come in at $268.58 million. The estimate suggests a change of +10.4% year over year.
Analysts' assessment points toward 'Revenues by segments- Land' reaching $790.84 million. The estimate indicates a change of +33.2% from the prior-year quarter.
Analysts forecast 'Revenues by segments- ESA' to reach $430.36 million. The estimate suggests a change of +5.6% year over year.
Analysts predict that the 'Revenues by segments- ISTAR and EW' will reach $446.64 million. The estimate indicates a year-over-year change of +31.1%.
Elbit shares have witnessed a change of +3.4% in the past month, in contrast to the Zacks S&P 500 composite's -2.4% move. With a Zacks Rank #2 (Buy), ESLT is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Elbit (ESLT) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Elbit Systems (ESLT - Free Report) will report quarterly earnings of $3.97 per share in its upcoming release, pointing to a year-over-year increase of 18.5%. It is anticipated that revenues will amount to $2.28 billion, exhibiting an increase of 18.7% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 6.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Elbit metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenues by segments- Aerospace' will reach $501.96 million. The estimate suggests a change of +5.1% year over year.
Analysts expect 'Revenues by segments- C4I and Cyber' to come in at $268.58 million. The estimate suggests a change of +10.4% year over year.
Analysts' assessment points toward 'Revenues by segments- Land' reaching $790.84 million. The estimate indicates a change of +33.2% from the prior-year quarter.
Analysts forecast 'Revenues by segments- ESA' to reach $430.36 million. The estimate suggests a change of +5.6% year over year.
Analysts predict that the 'Revenues by segments- ISTAR and EW' will reach $446.64 million. The estimate indicates a year-over-year change of +31.1%.
View all Key Company Metrics for Elbit here>>>Elbit shares have witnessed a change of +3.4% in the past month, in contrast to the Zacks S&P 500 composite's -2.4% move. With a Zacks Rank #2 (Buy), ESLT is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .