Elbit Systems Misses on Revenues but Beats on EPS
Aug 14th 2012 4:05PM
Updated Aug 14th 2012 4:08PM
Elbit Systems (NAS: ESLT) reported earnings on Aug. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Elbit Systems missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share dropped.
Gross margins contracted, operating margins dropped, net margins expanded.
Elbit Systems logged revenue of $676.4 million. The two analysts polled by S&P Capital IQ predicted a top line of $704.9 million on the same basis. GAAP reported sales were 2.2% lower than the prior-year quarter's $691.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.14. The one earnings estimate compiled by S&P Capital IQ averaged $0.98 per share. GAAP EPS of $0.89 for Q2 were 1.1% lower than the prior-year quarter's $0.90 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.0%, 100 basis points worse than the prior-year quarter. Operating margin was 6.2%, 140 basis points worse than the prior-year quarter. Net margin was 5.7%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $718.0 million. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $2.93 billion. The average EPS estimate is $4.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 242 members out of 243 rating the stock outperform, and one members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Elbit Systems a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Elbit Systems is hold, with an average price target of $44.00.
- Add Elbit Systems to My Watchlist.
The article Elbit Systems Misses on Revenues but Beats on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.