Elbit Systems Ltd. (ESLT-NASDAQ) reported their third quarter 2017 results on Tuesday, November 14, 2017. In this piece we discuss how the timing of deals signed by Elbit impacted the quarter. We also provide a forecast for the upcoming quarter based partially on signed deal timing. Q3/17 Results Record gross margins helped make up for lower than expected revenue. Source: Perspectec Revenue was off a little – Elbit saw revenue come in about 2% below our estimates. Y/Y growth of about 3% was slightly below that of other defense contractors such as Lockheed Martin (5%) and Raytheon (4.5%). Contract falls off […]
Xenel Nazar
3 posts
Elbit Systems Ltd. (NASDAQ: ESLT) is set to announce their third quarter 2017 results on Tuesday, November 14, 2017. Q3/17 marked the 3rd consecutive quarter of increasing orders for Elbit, reaching record levels according to our estimates. The stock is up 4% since reporting a $300 million Command and Control Asia-Pacific order. This is off the back of a $240 million order from an African country for land and anti-ground solutions announced the day before. Years of overspending (as a percentage of revenue) in R&D is finally paying off for the company with increased spending on border security and land […]
The following is our initial stock call the overall business and share price of Elbit Systems (ESLT-NASDAQ). The purpose of this report, and the underlying research provided, is to better understand the future direction of ESLT relative to its peers and the NASDAQ composite. The main criteria that will determine the future share price, earnings per share and dividend per share is anticipating the next few quarters’ dollar revenue recognized, based off the order backlog numbers. Any unexpected changes in revenue recognized in a given quarter will impact the overall buy/sell valuation. This information is provided with the understanding that […]