Elbit Systems Ltd Up 0.26% To $204.73 After Earnings

Elbit Systems Ltd (ESLT) said before open Tuesday that it earned $1.56 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $1.6 billion, beating estimates by $105 million.

In the same quarter a year ago, the company earned $1.68 per share on revenue of $1.5 billion.

The stock is up 0.26% to $204.73 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Elbit Systems Ltd has performed a little above average during the past few months. Before the report, Elbit Systems Ltd received a Long-Term Technical Rank by InvestorsObserver of 53, putting it in the top half of stocks. The firm was recently trading at a 52-week high of $225.64 on March 1, 2024 and set a 52-week low on March 29, 2023 at $166.35.

Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are primarily used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors worldwide.