Elbit Systems Q1: Topline Manages To Beat, EPS Misses Estimate, Aerospace Revenues Down 10% & More
Portfolio Pulse from Akanksha Bakshi
Elbit Systems reported Q1 FY23 revenue of $1.393 billion, a 3% YoY increase, beating the consensus of $1.390 billion. However, adjusted EPS of $1.70 missed the consensus of $1.73. Aerospace revenues were down 10% YoY, while the company declared a dividend of $0.50 per share.
May 30, 2023 | 11:42 am
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Elbit Systems' Q1 FY23 revenue beat estimates, but adjusted EPS missed. Aerospace revenues were down 10% YoY, while a dividend of $0.50 per share was declared.
Elbit Systems' Q1 revenue beat estimates, which is a positive sign for investors. However, the adjusted EPS miss and the decline in aerospace revenues may offset the positive sentiment. The declared dividend could provide some support to the stock price, but overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100