Gilat Satellite Networks Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Gilat Satellite Networks (NASDAQ:GILT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$76.6m (up 13% from 2Q 2023).
• Net income: US$1.30m (down 70% from 2Q 2023).
• Profit margin: 1.7% (down from 6.4% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.023 (down from US$0.076 in 2Q 2023).

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

Gilat Satellite Networks Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are up 7.8% 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 Gilat Satellite Networks' balance sheet and an in-depth analysis of the company's financial position.

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