Elbit Systems Ltd. Earnings Calls

Q4 2024 (Upcoming)
Release date Mar 18, 2025
EPS estimate $1.95
EPS actual -
Revenue estimate 1.78B
Revenue actual -
Expected change +/- 2.81%
Q3 2024 Beat
$2.21 (18.82%)
Release date Nov 19, 2024
EPS estimate $1.86
EPS actual $2.21
EPS Surprise 18.82%
Revenue estimate 1.78B
Revenue actual 1.718B
Revenue Surprise -3.51%
Q2 2024 Beat
$2.08 (17.51%)
Release date Aug 14, 2024
EPS estimate $1.77
EPS actual $2.08
EPS Surprise 17.51%
Revenue estimate 1.608B
Revenue actual 1.603B
Revenue Surprise -0.287%
Q1 2024 Beat
$1.81 (34.07%)
Release date May 28, 2024
EPS estimate $1.35
EPS actual $1.81
EPS Surprise 34.07%
Revenue estimate 1.626B
Revenue actual 1.54B
Revenue Surprise -5.27%

Last 4 Quarters for Elbit Systems Ltd.

Below you can see how ESLT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 28, 2024
Fiscal end date Mar 31, 2024
Price on release $193.20
EPS estimate $1.35
EPS actual $1.81
EPS surprise 34.07%
Date Price
May 21, 2024 $199.60
May 22, 2024 $199.29
May 23, 2024 $196.16
May 24, 2024 $198.58
May 28, 2024 $193.20
May 29, 2024 $192.43
May 30, 2024 $192.55
May 31, 2024 $192.85
Jun 03, 2024 $194.86
4 days before -3.21%
4 days after 0.86%
On release day -0.399%
Change in period -2.37%
Q2 2024 Beat
Release date Aug 14, 2024
Fiscal end date Jun 30, 2024
Price on release $196.44
EPS estimate $1.77
EPS actual $2.08
EPS surprise 17.51%
Date Price
Aug 08, 2024 $191.17
Aug 09, 2024 $191.68
Aug 12, 2024 $187.92
Aug 13, 2024 $190.00
Aug 14, 2024 $196.44
Aug 15, 2024 $199.37
Aug 16, 2024 $200.17
Aug 19, 2024 $199.71
Aug 20, 2024 $201.44
4 days before 2.76%
4 days after 2.55%
On release day 1.49%
Change in period 5.37%
Q3 2024 Beat
Release date Nov 19, 2024
Fiscal end date Sep 30, 2024
Price on release $249.61
EPS estimate $1.86
EPS actual $2.21
EPS surprise 18.82%
Date Price
Nov 13, 2024 $238.37
Nov 14, 2024 $237.22
Nov 15, 2024 $236.88
Nov 18, 2024 $235.14
Nov 19, 2024 $249.61
Nov 20, 2024 $248.67
Nov 21, 2024 $249.31
Nov 22, 2024 $250.11
Nov 25, 2024 $253.11
4 days before 4.72%
4 days after 1.40%
On release day -0.377%
Change in period 6.18%
Q4 2024 (Upcoming)
Release date Mar 18, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $1.95
EPS actual -
Date Price
Mar 10, 2025 $347.85
Mar 11, 2025 $352.77
Mar 12, 2025 $354.23
Mar 13, 2025 $360.59
Mar 14, 2025 $367.74

Elbit Systems Ltd. Earnings Call Transcript Summary of Q3 2024

  • Revenue Growth: Q3 2024 revenue increased by 14% to $1.718 billion, up from $1.502 billion in Q3 2023, marking the third consecutive quarter of double-digit growth.
  • Revenue Segmentation:
    • Aerospace: +7% growth attributed mainly to UAS sales in Israel.
    • C4I and Cyber: +13% growth driven by radio systems and command/control system sales.
    • ISTAR and EW: +13% growth mainly from electronic warfare and electro-optical systems.
    • Land Segment: +24% growth driven by ammunition sales.
    • Elbit Systems of America: +17% growth fueled by night vision systems and medical instrumentation.
  • Gross Margins: Non-GAAP gross margin slightly decreased to 24.4% from 24.9% year-over-year.
  • Operating Income: Non-GAAP operating income rose to $140.7 million (8.2% of revenues) from $120 million (8% of revenues) in Q3 2023.
  • Earnings Per Share (EPS): Non-GAAP diluted EPS was $2.21, up from $1.71 in the previous year, marking the second consecutive quarter of double-digit EPS growth.
  • Backlog: Record backlog of $22.1 billion, a $5.5 billion increase year-over-year, showcasing strong order intake of $2.7 billion in the quarter.
  • Market and Strategic Insights:
    • Geographical Revenue: Diversified revenue base - 25% from Europe, 23% from North America, 18% from Asia-Pacific, and 29% from Israel.
    • Production Expansion: Increased production capabilities and inventory levels to address growing backlog and supply chain challenges.
    • Future Guidance: Company targets to achieve over $7 billion in revenue by 2025 and aims for a non-GAAP operating margin of approx. 10% by 2026.
    • Innovation Recognition: Awarded the 2024 Israel Defense Prize for multiple innovative defense systems, highlighting technical superiority and market leadership.
  • Recent Contracts and Opportunities:
    • Contracts Acquired: New contracts awarded including a $335 million deal for a European customer for defense systems and high-tech solutions, including PULS systems and Hermes 900 UAVs.
    • Investment in R&D: Continued investment in high-power laser technologies, reflecting confidence in future growth and effectiveness in modern defense environments.
  • Challenges and Considerations:
    • Financial Expenses: Increased financial expenses due to higher interest rates and necessary working capital expenditures.
    • European Market Dynamics: A noted decline in European sales by 13% year-over-year, attributed to prior contracts and production capacity limitations, yet anticipated growth in the European market due to increased defense expenditures.
  • Conclusion: Elbit Systems is experiencing strong demand for its diverse technological solutions, leading to significant revenue growth, a record backlog, and increased EPS. The company's focus on operational efficiency, R&D investment, and geographical diversification positions it well for future growth amidst evolving market dynamics. Investors should consider both the opportunities for expansion and the potential challenges in execution and external market conditions.
  • Elbit Systems Ltd. Earnings History

    Earnings Calendar

    FAQ

    When is the earnings report for ESLT?
    Elbit Systems Ltd. (ESLT) has scheduled its earnings report for Mar 18, 2025 before the markets open.

    What is the ESLT price-to-earnings (P/E) ratio?
    ESLT P/E ratio as of Mar 14, 2025 (TTM) is 61.57.

    What is the ESLT EPS forecast?
    The forecasted EPS (Earnings Per Share) for Elbit Systems Ltd. (ESLT) for the first fiscal quarter 2024 is $1.95.

    What are Elbit Systems Ltd.'s retained earnings?
    On its balance sheet, Elbit Systems Ltd. reported retained earnings of $1.72 billion for the latest quarter ending Sep 30, 2024.

    What Is an Earnings Report?
    An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

    Earnings Report Content
    Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

    What To Know About Earnings Reports?
    Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
    Click to get the best stock tips daily for free!
    ABOUT ELBIT SYSTEMS LTD.
    Elbit Systems Ltd.
    Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as pre...
    GOLDEN STAR
    Ticker Change Signal Date
    ALE
    $65.32
    0.490% Mar 12
    AMED
    $92.12
    0.488% Mar 12
    HESM
    $40.63
    3.59% Mar 11
    HDB
    $59.97
    1.18% Feb 26
    ML
    $86.18
    0.139% Feb 26

    Top Fintech Company

    StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

    Full report by FINDEXABLE