Stock Analysis

Elbit Systems Second Quarter 2024 Earnings: EPS: US$1.76 (vs US$1.41 in 2Q 2023)

Published
TASE:ESLT

Elbit Systems (TLV:ESLT) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.63b (up 12% from 2Q 2023).
  • Net income: US$78.4m (up 26% from 2Q 2023).
  • Profit margin: 4.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$1.76 (up from US$1.41 in 2Q 2023).
TASE:ESLT Earnings and Revenue Growth August 16th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Elbit Systems Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Asia.

Performance of the market in Israel.

The company's shares are up 2.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Elbit Systems' balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're here to simplify it.

Discover if Elbit Systems might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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