Elbit Systems Q1 2024 Adj EPS $1.81 Beats $1.35 Estimate, Sales $1.554B Beat $1.463B Estimate
Portfolio Pulse from Benzinga Newsdesk
Elbit Systems (NASDAQ:ESLT) reported Q1 2024 earnings per share of $1.81, surpassing the analyst consensus estimate of $1.35 by 34.07%. The company also reported quarterly sales of $1.554 billion, exceeding the estimate of $1.463 billion by 6.23%. This represents an 11.52% increase over the same period last year.
May 28, 2024 | 7:41 am
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Elbit Systems reported strong Q1 2024 earnings, with EPS of $1.81 beating estimates by 34.07% and sales of $1.554 billion exceeding estimates by 6.23%. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, indicates strong financial performance. This is likely to positively influence investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100