Elbit Systems Q4 Adj. EPS $1.56 Beats $1.38 Estimate, Sales $1.63B Beat $1.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Elbit Systems (NASDAQ:ESLT) reported Q4 adjusted earnings of $1.56 per share, surpassing the $1.38 estimate, a 13.04% beat. Year-over-year, earnings decreased by 7.14% from $1.68. Q4 sales reached $1.63 billion, exceeding the $1.52 billion estimate by 6.91%, and marking a 7.90% increase from the previous year's $1.51 billion.
March 26, 2024 | 8:04 am
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Elbit Systems reported a strong Q4 with earnings and sales beating estimates, despite a slight decrease in earnings compared to last year.
Elbit Systems' Q4 report showing earnings and sales exceeding analyst expectations is likely to positively impact investor sentiment. The beat on both top and bottom lines, despite a year-over-year decrease in earnings, indicates strong operational performance. This could lead to a short-term positive movement in ESLT's stock price as the market reacts to the better-than-expected results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100