Elbit Systems Ltd <ESLT.TA>: Profits of $1.68 announced for fourth quarter

28 March 2023 12:00 p.m. ​All figures in US dollars. The profits announced by Elbit Systems Ltd in the fourth quarter were lower than the Refinitiv mean estimate of profits. The company reported profits of $1.68 per share, 46 cents lower than the same quarter last year when the company reported EPS of $2.14. Profits of $1.86 per share were forecast by the single analyst providing an estimate for the quarter. The company reported revenue of $1.51 billion, which is higher than the estimated $1.49 billion. RECOMMENDATIONS * The single recommendation for the company is "Hold". * The average consensus recommendation for the aerospace & defense peer group is also "Hold". FORECAST CHANGES * One analyst is currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was no change to the number of estimates. YEAR OVER YEAR * The company reported an increase in revenue to $1.51 billion from $1.49 billion in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 2.11​ 1.40 Missed Jun. 30 2022 2.09 1.73 Missed Mar. 31 2022 1.90 1.22 Missed​ Dec. 31 2021 2.18 2.14 Missed This summary was machine generated from Refinitiv data March 28 at 12:00 p.m.