Elbit Systems (ESLT) Stock

Elbit Systems Ltd. announced its financial results for the third quarter ending September 30, 2024. The company has an order backlog of $22.1 billion, with revenues of $1.7 billion and a non-GAAP net income of $99 million. Additionally, the GAAP net income stands at $79 million, with non-GAAP net earnings per share (EPS) of $2.21 and GAAP net EPS of $1.77.

HAIFA, Israel, Nov. 18, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced today that it has received contracts totaling around $335 million to provide defense systems to a European nation.

Elbit Systems' shares rose by 15% because their powerful laser interception system, Iron Beam, is set to be operational by November 2025. The company has a significant order backlog of $21.1 billion, which could lead to revenues of $7 billion in 2025, with more growth anticipated from international markets. Even with these recent increases, ESLT stock is still considered undervalued compared to its competitors, as it trades at lower sales multiples and price-to-book ratios.

On November 5, 2024, Elbit Systems Ltd. announced that it has received a new contract worth about $127 million. This contract is for providing Iron Fist Active Protection Systems to General Dynamics Ordnance and Tactical Systems, which will be used to upgrade the U.S. Army's Bradley M2A4E1 Infantry Fighting Vehicles.

A conference call is set for November 19, 2024, at 10:00 AM ET. Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced that it will share its financial results for the third quarter of 2024 on that date. This announcement was made on October 29, 2024, from Haifa, Israel.

Elbit Systems saw a rise in revenues in the second quarter, mainly due to a higher demand for defense products and services, especially in Israel. The adjusted operating profit also went up, and the company's backlog reached $21.1 billion by the end of the quarter. Analysts predict an increase in EBITDA and free cash flow for Elbit Systems, giving it a buy rating and a price target of $236, which suggests a 19% potential gain.

Elbit Systems Ltd. (NASDAQ: ESLT) will hold its Q2 2024 Earnings Conference Call on August 14, 2024, at 9:00 AM ET. The call will feature company representatives including David Ravia, the Investor Relations Director, Butzi Machlis, the President and CEO, and Kobi Kagan, the Chief Financial Officer. Participants from various firms, such as Pete Skibitski from Alembic Global and Greg Konrad from Jefferies, will also join the call.

Elbit Systems (ESLT) reported quarterly earnings of $2.08 per share, which is higher than the Zacks Consensus Estimate of $1.77 per share. This is an increase compared to earnings of $1.57 per share from the same period last year.

Elbit Systems Ltd. announced its financial results for the second quarter ending June 30, 2024. The company has an order backlog of $21.1 billion, with revenues of $1.6 billion. They reported a non-GAAP net income of $93 million and a GAAP net income of $78 million, resulting in non-GAAP net EPS of $2.08 and GAAP net EPS of $1.76.