ESLT Earnings Prediction
The chart below shows how ESLT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ESLT sees a +0.43% change in stock price 10 days leading up to the earnings, and a -0.23% change 10 days following the report. On the earnings day itself, the stock moves by -2.42%. This data can give you a slight idea of what to expect for the next quarter's release.
ESLT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.72B
14.38%
5.62%
Gross Margin
24.03%
-1.72%
0.29%
Operating Margin
7.32%
3.68%
2.23%
Net Margin
4.62%
14.07%
-4.35%
EPS
1.77
30.15%
0.57%
No Data Available
ESLT Earnings Analysis
Elbit Systems Ltd Corporation (ESLT.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Third quarter revenue increased by 14% to $1.718 billion compared to $1.502 billion in the third quarter of 2023.
Aerospace Revenue Increase: Aerospace revenues increased by 7% in the third quarter of 2024 compared to the third quarter of 2023, mainly due to increased UAS sales in Israel.
C4I and Cyber Revenue Increase: C4I and Cyber revenues increased by 13% year over year mainly due to radio system and command and control system sales.
Land Revenue Increase: Land revenues increased by 24% due to the increase in ammunition and munitions sales in Israel.
Revenue Increase Drivers: Elbit Systems of America revenues increased by 17% mainly due to increased night vision systems and medical instrumentation sales.
Negative
Gross Margin Decline: Earnings for Q3 2024 showed a decline in non-GAAP gross margin to 24.4%, down from 24.9% in Q3 2023.
Operating Income Decline: Operating income decreased to $140.7 million, representing only 8.2% of revenues, compared to $120 million or 8% of revenues in Q3 2023.
Operating Income Analysis: GAAP operating income was $125.8 million, or 7.3% of revenues, down from $106 million or 7.1% of revenues in Q3 2023.
R&D Expense Increase: R&D expenses increased to $119.9 million, or 7% of revenues, compared to $103.3 million, or 6.9% of revenues in Q3 2023.
Rising Financial Expenses: Financial expenses rose to $45 million in Q3 2024, up from $35.7 million in Q3 2023, attributed to elevated interest rates.
ESLT FAQs
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ESLT Earning Call Sentiment
Elbit Systems Ltd. (ESLT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ESLT.O
1.72%Positive
The earnings call reveals strong financial performance with significant revenue and EPS growth, improved operating cash flow, and a substantial order backlog. Despite some challenges like supply chain issues and competitive pressures, the company's optimistic guidance and international market expansion are positive indicators. The Q&A session highlighted growth opportunities in energy weapons and European markets. The dividend declaration adds to shareholder value. Overall, the positive factors outweigh the risks, suggesting a positive stock price movement in the short term.
