La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Elbit Systems a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Elbit Systems..

Elbit Systems (NASDAQ:ESLT) Azioni, Catena delle Opzioni

Elbit Systems

Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.

Elbit Systems Ltd

WIIM

ESLT

Elbit Systems shares are trading higher after the company announced that it was awarded a follow-on contract of approximately $127 million to supply Iron Fist Active Protection Systems to General Dynamics Ordnance and Tactical Systems for upgrades to the U.S. Army's Bradley M2A4E1 Infantry Fighting Vehicles.

News

Contracts

Elbit Systems Awarded Follow-On $127M Contract For Iron Fist APS, Supporting Bradley IFV Upgrades Over 34-Month Period

Elbit Systems shares are trading higher after announced today that it was awarded an approximately $200 million contract by the Israeli Ministry of Defense to supply high-power laser systems for the "Iron Beam" air defense system.

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) shares are trading higher after the company secured a roughly $200 million contract<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41567314/elbit-systems-awarded-approximately-200-million-contract-by-the-israeli-mod-to-supply-high-power-l" rel="noreferrer noopener"> from the Israeli Ministry of Defense</a>.
The deal provides high-power laser systems for the &#8220;Iron Beam&#8221; air defense system.
This contract includes both the supply of Elbit&#8217;s advanced laser technology—designed to counter various threats—and ongoing support services for the project.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems said, &#8220;As Israel&#8217;s Laser Center and a global leader in high-power laser technology, Elbit Systems congratulates on the significant progress made in the &#8220;Iron Beam&#8221; project and is proud of its contribution to its success. The capabilities developed at Elbit Systems represent a leap forward in future defense against various threats.&#8221;
In August, the company reported second-quarter revenues&nbsp;of $1.63 billion, beating the consensus of $1.57 billion and adjusted EPS of&nbsp;$2.08, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40358812/elbit-systems-reports-second-quarter-2024-results" rel="noreferrer noopener">exceeding the consensus of $1.77</a>.
As of June&nbsp;30, 2024, order backlog stood at $21.1&nbsp;billion.
Price Action: ESLT shares are up 5.46% at $221.82 premarket at the last check Monday.
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Equities

Large Cap

Movers

Elbit Systems Secures $200M Contract For High-Power Laser Defense; Stock Gains

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) (TASE: ESLT)&nbsp;("Elbit Systems" or the "Company") announced today that it was awarded an approximately $200 million contract by the Israeli Ministry of Defense (IMOD) to supply high-power laser systems for the "Iron Beam" air defense system.
Under the contract, Elbit Systems will supply the IMOD, under the "Iron Beam" project, its high-power laser solution, developed by the Company to provide a robust defense against a variety of threats. Additionally, the contract includes ongoing support services.

Government

Regulations

Elbit Systems Bagged A $200M Deal From Israeli Ministry of Defense To Power Israel's "Iron Beam" Laser Defense System

Earnings

Earnings Beats

Elbit Systems Q2 Adj $2.08 Beats $1.77 Estimate, Sales $1.63B Beat $1.57B Estimate

Elbit Systems Lands $130M Contract To Provide Iron Fist APS To BAE Systems Hägglunds For A European Nation

Elbit Systems Secures $270M Contract To Supply Rocket Artillery For An International Customer

Elbit Systems Secures $340M Contract For The Supply Of Ammunition To The Israeli Ministry Of Defense

Elbit Systems Secures $190M Contract To Supply Iron Sting Guided Mortar Munition To The Israeli Ministry Of Defense

U.S. stock markets have witnessed renewed momentum in the first half of 2024 after an impressive 2023. The bull run continued in the past 18 months, barring some minor fluctuations. This year&#39;s rally has taken a section of financial experts by surprise as they warned of a downside due to higher stock valuations and the Fed&#39;s decision to keep interest rates higher for longer than expected.
Year to date, the three major stock indexes &mdash; the Dow, the S&amp;P 500 500 and the Nasdaq Composite &mdash; have rallied 4.2%, 16.8% and 23.2%, respectively. The mid-cap benchmark &mdash; the S&amp;P 400 Index &mdash; has also advanced 5.3% year to date.
Within the mid-cap space, a handful of stocks (market capital &gt; $8 billion&lt; $10 billion) have the potential to become large caps in 2024. Investment in these stocks with the most favorable Zacks Rank should lead to handsome returns this year.
<h3>Why Should You Invest in Mid-Cap Stocks?</h3>
Investment in mid-cap stocks is often recognized as a good portfolio diversification strategy. These stocks combine the attractive attributes of both small and large-cap stocks. Top-ranked, mid-cap stocks have a high potential to enhance their profitability, productivity, and market share. These may also become large-caps over time.
If economic growth slows down due to any unforeseen internal or external disturbance, mid-cap stocks will be less susceptible to losses than their large-cap counterparts owing to less international exposure.
On the other hand, if the economy continues to thrive, these stocks will gain more than small caps due to established management teams, a broad distribution network, brand recognition and ready access to capital markets.
<h3>Our Top Picks</h3>
We have narrowed our search to five mid-caps that have strong potential for the rest of 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Finally, each of our picks sports a Zacks Rank #1 (Strong Buy).
The chart below shows the price performance of our five picks in the past month.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/64/70364.jpg?v=1667435022" /> 
Image Source: Zacks Investment Research
The Gap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) received a boost on the back of lower airfreight and improved promotions which aided its margins. GPS is on track with the execution of its Power Plan 2023. Lower advertising expenses and technology investments resulting from cost-saving actions also bode well for GPS. Gross margin expanded owing to gains from higher merchandise margins, lower commodity costs and better promotional activity.
The GAP has an expected revenue and earnings growth rate of 0.2% and 21.7%, respectively, for the current year (ending January 2025). The Zacks Consensus Estimate for current-year earnings has improved 3.6% over the last 30 days.
The average price target of brokerage firms represents an increase of 13.5% from the last closing price of $23.88. The brokerage target price is currently in the range of $13-$32. This indicates an upside potential of 34% from the current price level.
Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) has benefited from continued momentum across both brands, which bolstered its holiday sales. ANF has been witnessing strong sales growth for each of its brands. ANF witnessed favorable margin trends mainly driven by reduced freight costs and improved average unit retail. For the first quarter of fiscal 2024, net sales are projected to be up low double-digits from $836 million reported in the year-ago period.
Abercrombie &amp; Fitch has an expected revenue and earnings growth rate of 10.4% and 47.3%, respectively, for the current year (ending January 2025). The Zacks Consensus Estimate for current-year earnings has improved 3.5% over the last 30 days.
The average price target of brokerage firms represents an increase of 4.1% from the last closing price of $179.75. The brokerage target price is currently in the range of $167-$215. This indicates an upside potential of 19.6% from the current price level.
Duolingo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duol#NASDAQ">DUOL</a>) operates as a mobile learning platform in the United States, China, the United Kingdom, and internationally. DUOL offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through the Duolingo app. DUOL also provides a digital language proficiency assessment exam.
Duolingo has an expected revenue and earnings growth rate of 37.8% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 26.1% over the last 60 days.
The average price target of brokerage firms represents an increase of 27.2% from the last closing price of $193.82. The brokerage target price is currently in the range of $190-$275. This indicates an upside potential of 41.9% from the current price level.
Paycom Software Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) strong financial performance reflects continued growth despite disruptions caused by macroeconomic headwinds. PAYC&#39;s revenues increased due to new client additions and a continued focus on cross-selling to existing clients.
PAYC&#39;s differentiated employee strategy, measurement capabilities and comprehensive product offerings are helping it win new customers. PAYC&#39;s solutions, like Ask Here and Manager on-the-Go, focusing on employee usage and efficiency, are tailwinds.
Paycom Software has an expected revenue of 10.2% for the current year. Although its earnings growth rate is negative for the current year, it is 11.4% for next year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last 30 days.
The average price target of brokerage firms represents an increase of 27.1% from the last closing price of $143.11. The brokerage target price is currently in the range of $145-$250. This indicates an upside potential of 74.9% from the current price level.
Elbit Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eslt#NASDAQ">ESLT</a>) is a worldwide leader in Night Vision Goggles Head-Up Displays. ESLT is a major supplier to the U.S Army and U.S. Marine Corps of Night Vision Head-Up Display systems for use in various types of helicopters.
ESLT is engaged in a wide range of defense-related airborne, ground and command, control and communications programs throughout the world. ESLT&#39;s focus is on the upgrading of existing military platforms and developing new technologies for defense applications.
Elbit Systems has an expected revenue and earnings growth rate of 7.3% and 11.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.7% over the last 60 days. The average price target of brokerage firms represents an increase of 20.4% from the last closing price of $184.
<a href="https://www.zacks.com/stock/news/2297181/5-must-buy-mid-cap-stocks-with-strong-near-term-potential?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2297181">To read this article on Zacks.com click here.</a>

Mid Cap

Markets

Analyst Ratings

Trading Ideas

DUOL

PAYC

5 Must-Buy Mid-Cap Stocks With Strong Near-Term Potential

The aerospace defense equipment industry has maintained its northbound journey amid supply-chain woes. Nevertheless, improving defense budget funding from the U.S. administration and impressive year-over-year projections for global air passenger numbers are likely to boost this space in the second half of 2024.
The aerospace defense equipment industry comprises companies that primarily design and manufacture heavy-built products like commercial as well as military jets and helicopters, tankers and other combat vehicles, missiles, combatant ships as well as auxiliary ships, submarines, bombs, guns, space transportation vehicles, military satellites and a few more.
The industry stood its ground on the back of steady government support. Importantly, in March 2024, the fiscal 2025 defense budget request was submitted by President Joe Biden. This included a funding proposal of $849.8 billion for the U.S. Department of Defense, which reflected a 1% increase from the fiscal 2024 enacted funding amount.
Steadily improving global air traffic data in recent times has been boosting the near-term growth prospects of the industry. As stated in the latest report published by the IATA in June, total travelers are expected to reach 4.96 billion in 2024 &mdash; a record high. Total revenues are expected to reach $996 billion in 2024 &mdash; a record high, reflecting an improvement of 9.7% year over year.
The Zacks-defined Aerospace &ndash; Defense Equipment Industry is currently in the top 14% of the Zacks Industry Rank. In the past year, the industry has provided 28.1% returns, while its year-to-date return is 15.2%. Since it is ranked in the top half of Zacks Ranked Industries, we expect the consulting services industry to outperform the market over the next three to six months.
<h3>Our Top Picks</h3>
We have narrowed our search to five aerospace defense equipment stocks that have strong growth potential for the rest of 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks sports either a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f7/69333.jpg?v=94379012" /> 
Image Source: Zacks Investment Research
Elbit Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eslt#NASDAQ">ESLT</a>) develops and supplies a portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications primarily in Israel, North America, the Asia-Pacific, Europe, Latin America, and internationally.
ESLT operates through five segments: Aerospace; C4I and Cyber, Intelligence, Surveillance, Target Acquisition and Reconnaissance and Electronic Warfare, Land, and Elbit Systems of America.
Zacks Rank #1 ESLT has an expected revenue and earnings growth rate of 7.3% and 11.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.7% over the last 30 days.
AerSale Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asle#NASDAQ">ASLE</a>) provides aftermarket commercial aircraft, engines, and parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul service providers worldwide. ASLE operates in two segments, Asset Management Solutions and Technical Operations (TechOps).
Zacks Rank #1 ASLE has an expected revenue and earnings growth rate of 13.2% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.4% over the last 60 days.
AAR Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>) provides various products &amp; services to the aviation &amp; defense industries worldwide. AIR&#39;s principal customers are The Boeing Co. and Airbus. AIR has two business segments: Aviation Services and Expeditionary Services.
Zacks Rank #2 AAR has an expected revenue and earnings growth rate of 17.2% and 24.1%, respectively, for the current year (ending May 2025). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 60 days.
HEICO Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>) has witnessed improved demand for its commercial aerospace products and services in the last couple of quarters, buoyed by a recovery in commercial air travel. The expectation of continued recovery in domestic and international travel demand bodes well for HEI&#39;s growth in the coming days.
HEI&#39;s disciplined acquisition strategy has also been driving its overall performance. Wencor&#39;s takeover has boosted HEI&#39;s position in the aircraft aftermarket space. The stock has a strong solvency position in the short run.
Zacks Rank #2 HEICO has an expected revenue and earnings growth rate of 30.3% and 15.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
Curtiss-Wright Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) is a diversified multinational company that designs and overhauls precision components. CW provides highly engineered products and services for high-performance platforms, and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies.
CW&#39;s products &amp; services are offered to the aerospace, defense, general industrial and power generation markets. CW has three business segments: Aerospace &amp; Industrial, Defense Electronics, and Naval &amp; Power.
Zacks Rank #2 Curtiss-Wright has an expected revenue and earnings growth rate of 6.3% and 9.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the last 60 days.
<a href="https://www.zacks.com/stock/news/2292097/top-5-aerospace-defense-equipment-stocks-for-second-half-2024?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2292097">To read this article on Zacks.com click here.</a>

Small Cap

ASLE

Top 5 Aerospace Defense Equipment Stocks for Second-Half 2024

The CNN Money Fear and Greed index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks closed higher on Tuesday, with the Nasdaq Composite index settling above the key 17,000 mark for the first time ever.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index rose by 7.4% year-over-year in March versus 7.3% in the previous month. The FHFA house price index rose by 0.1% in March, compared to market expectations of a 0.5% gain.
Investors are awaiting data on PCE inflation for April, which will be released on Friday.
Bitfarms Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) shares jumped over 9% on Tuesday after Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) announced plans to acquire all outstanding shares of the company and accumulated a 9.25% stake. Shares of Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) fell around 2.7% on Tuesday after the company reported results for the first quarter.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, health care and financials stocks recording the biggest losses on Tuesday. However, information technology and energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 217 points to 38,852.86 on Tuesday. The S&amp;P 500 rose 0.02% at 5,306.04, while the Nasdaq Composite climbed 0.59% at 17,019.88 during Tuesday's session.
Investors are awaiting earnings results from DICK&#8217;S Sporting Goods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) today.
At a current reading of 52.5, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 51.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Pre-Market Outlook

BITF

RIOT

Fear & Greed Index In 'Neutral' Zone; Nasdaq Settles Above 17,000

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling more than 250 points on Tuesday.
The Dow traded down 0.69% to 38,798.34 while the NASDAQ rose 0.41% to 16,990.44. The S&amp;P 500 also fell, dropping, 0.11% to 5,298.87.
Check This Out: <a href="https://www.benzinga.com/news/24/05/39037555/this-airbnb-analyst-turns-bullish-here-are-top-5-upgrades-for-tuesday">This Airbnb Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday</a>
Leading and Lagging Sectors Information technology shares jumped by 1.5% on Tuesday.
In trading on Tuesday, health care shares fell by 1.4%.
Top Headline
Shares of Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) fell around 2.5% on Tuesday after the company reported results for the first quarter.
The company reported first-quarter FY24 revenue of $1.554 billion, beating the consensus of $1.463 billion. Adjusted EPS rose to $1.81 from $1.78 a year ago, beating the consensus of $1.35, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) shares shot up 109% to $45.90 after the company announced topline results from ASPEN Phase 3 study met its primary endpoint.</li>
<li>Shares of Calliditas Therapeutics AB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALT#NASDAQ">CALT</a>) got a boost, surging 73% to $37.84 after the company&#8217;s board recommended the acceptance of Asahi Kasei&#8217;s tender offer.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares were also up, gaining 74% to $0.3094 after the company on Friday announced its SUNation subsidiary signed a 1.95-megawatt project.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) shares dropped 69% to $0.6250 after the company reported the pricing of $12 million public offering.</li>
<li>Shares of Marpai, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) were down 53% to $0.9223 after the company announced its intention to withdraw from the Nasdaq hearings process.</li>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) was down, falling 25% to $0.1442 after the company announced that it entered into definitive agreement for the immediate exercise of $2.2 million of certain outstanding Series A-2 warrants.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39037640/top-5-real-estate-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains This Month</a>
Commodities In commodity news, oil traded up 2.6% to $79.70 while gold traded up 0.9% at $2,354.70.
Silver traded up 5.2% to $32.07 on Tuesday, while copper rose 2.1% to $4.8525.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.60%, Germany's DAX slipped 0.52% and France's CAC 40 declined 0.92%. Spain's IBEX 35 Index fell 0.44%, while London's FTSE 100 declined 0.76%.
German wholesale prices fell by 1.8% year-over-year in April compared to a revised 2.6% decline a month ago.
Asia Pacific Markets
Asian markets closed lower on Tuesday, with Japan's Nikkei falling 0.11%, China's Composite Index declining 0.46%, Hong Kong's Hang Seng Index falling 0.03% and India's S&amp;P BSE Sensex falling 0.2%.
Producer prices in Malaysia rose by 1.9% year-over-year in April compared to a 1.6% increase in the earlier month.
Economics
<ul>
<li>The S&amp;P CoreLogic Case-Shiller home price index rose by 7.4% year-over-year in March versus 7.3% in the previous month.</li>
<li>The FHFA house price index rose by 0.1% in March, compared to market expectations of a 0.5% gain.</li>
<li>The Federal Reserve Bank of Dallas&#8217; general business activity index for manufacturing in Texas fell to a reading of -19.4 in May, compared to -14.5 a month ago.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39037100/how-to-earn-500-a-month-from-heico-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Heico Stock Ahead Of Q2 Earnings</a>

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Intraday Update

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PEGY

Crude Oil Rises Sharply; Elbit Systems Shares Fall After Q1 Results

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) reported first-quarter FY24 revenue of $1.554 billion, <a href="https://www.benzinga.com//node/39033240">beating the consensus of $1.463 billion.</a>
Segment revenues: Aerospace $422.0 million (broadly flat Y/Y), C4I and Cyber $197.0 million (+12% Y/Y), ISTAR and EW $346.1 million (+17% Y/Y), Land $380.1 million (+26% Y/Y) and Elbit Systems of America (ESA) $344.1 million (roughly flat Y/Y).
Adjusted gross margin contracted to 24.7% from 26.5% a year ago, and adjusted operating margin stood at 7.8% (flat Y/Y) in the quarter.
Adjusted EPS rose to $1.81 from $1.78 a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $1.35.</a>
ESLT&#8217;s backlog of orders, as of March-end, totaled $20.4 billion.  Cash flow used in operating activities stood at $6.4 million in the quarter.
Bezhalel&nbsp;(Butzi) Machlis, President and CEO, said,&nbsp;&#8220;The significant increase in our order backlog, which surpassed&nbsp;$20 billion, highlights the relevance of Elbit&nbsp;Systems&#8217;&nbsp;portfolio of advanced technological and operationally proven solutions in light of the increase in defense budgets&nbsp;world-wide, which positively impacts the revenues and growth of the Company.&#8221;
Dividend:&nbsp;The company declared a dividend of $0.50 per share, payable on July 1 to the shareholders of record date on June 18.
This month, Elbit Systems received a&nbsp;contract worth&nbsp;$260 million to supply&nbsp;systems&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38981743/elbit-systems-bolstered-by-recent-order-blitz-clinches-260m-deal-with-international-client" rel="noreferrer noopener">to an international customer</a>.&nbsp;
Also, the company won a group of contracts in an aggregate amount of approximately&nbsp;$760 million&nbsp;to supply ammunition&nbsp;to the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38935836/elbit-systems-gets-760m-contract-from-israeli-ministry-of-defense-confirms-higher-demand-since-b" rel="noreferrer noopener">Israeli Ministry of Defense</a>.
Price Action:&nbsp;ESLT shares&nbsp;were&nbsp;down 2.89% at $192.84&nbsp;at the last check Tuesday.

Why Elbit Systems Shares Are Down Today

Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) reported quarterly earnings of $1.81 per share which beat the analyst consensus estimate of $1.35 by 34.07 percent. The company reported quarterly sales of $1.554 billion which beat the analyst consensus estimate of $1.463 billion by 6.23 percent. This is a 11.52 percent increase over sales of $1.393 billion the same period last year.

Elbit Systems Q1 2024 Adj EPS $1.81 Beats $1.35 Estimate, Sales $1.554B Beat $1.463B Estimate

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) to report quarterly earnings at 36 cents per share on revenue of $262.04 million after the closing bell, according to data from Benzinga Pro. Box shares gained 0.3% to $25.34 in after-hours trading.</li>
<li>Gildan Activewear Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIL#NYSE">GIL</a>) named Glenn J. Chamandy as President and CEO, effective immediately. The company also appointed Michael Kneeland as non-executive Chair of the Board. Gildan Activewear shares fell 1.6% to $37.02 in the after-hours trading session.</li>
<li>Analysts are expecting Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) to post quarterly earnings at $1.35 per share on revenue of $1.46 billion. The company will release earnings before the markets open. Elbit Systems shares rose 1.2% to $201.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) announced it has completed its at-the-market equity offering program, which was previously announced. The company sold 45 million shares under the plan with aggregate gross proceeds of $933.4 million. GameStop shares jumped 13.1% to $21.49 in the after-hours trading session.</li>
<li>Analysts expect HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) to post quarterly earnings at 81 cents per share on revenue of $951.21 million after the closing bell. HEICO shares gained 0.2% to $217.74 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39007136/jim-cramer-says-this-basic-materials-stock-is-too-dicey-shares-his-take-on-arista-networ">Jim Cramer Says This Basic Materials Stock Is &#8216;Too Dicey,&#8217; Shares His Take On Arista Networks</a>

GameStop, Box And 3 Stocks To Watch Heading Into Tuesday

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled mostly higher on Friday, with the Nasdaq index settling at a fresh record high during the session. The tech-heavy Nasdaq also outperformed last week recording a gain of 1.41%. However, the Dow Jones index declined 2.33% last week, recording its first negative week in five.
Traders are seeing less than a 50% chance that the US Federal Reserve will slash interest rates at its September meeting.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained around 2.6% on Friday after the company reported better-than-expected financial results for its first quarter and issued strong guidance for the second quarter. Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares jumped over 14% after the company reported better-than-expected quarterly financial results.
On the economic data front, U.S. durable goods orders increased by 0.7% month-over-month in April compared to a revised 0.8% gain in March. However, markets were expecting for a 0.8% decrease.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, information technology and communication services stocks recording the biggest gains on Friday. However, health care stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 4 points to 39,069.59 on Friday. The S&amp;P 500 rose 0.70% at 5,304.72, while the Nasdaq Composite climbed 1.10% at 16,920.79 during Friday's session.
Investors are awaiting earnings results from Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>), Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) and HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) today.
At a current reading of 53.1, the index remained in the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 52.3.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39007136/jim-cramer-says-this-basic-materials-stock-is-too-dicey-shares-his-take-on-arista-networ">Jim Cramer Says This Basic Materials Stock Is &#8216;Too Dicey,&#8217; Shares His Take On Arista Networks</a>

DECK

NVDA

Investor Optimism Improves, Nasdaq Settles At Record High

Elbit Systems Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) said on Thursday that&nbsp;it received a&nbsp;contract worth&nbsp;$260 million to supply&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38979287/elbit-systems-awarded-a-contract-of-approximately-260-million-by-an-international-customer" rel="noreferrer noopener">systems to an international customer.&nbsp;</a>
The contract will be performed&nbsp;over a period of&nbsp;2 years.
&#8220;We are proud to continue providing our advanced solutions to our international customers, enhancing national security and advancing technological capabilities,&#8221; said CEO Bezhalel (Butzi) Machlis.
Order Blitz&nbsp;
The latest deal follows a whopping $760 million order bagged by the company&nbsp;for&nbsp;the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38932068/elbit-systems-awarded-a-group-of-contracts-in-an-aggregate-amount-of-approximately-760-million-for" rel="noreferrer noopener">supply of&nbsp;ammunitions&nbsp;to the Israeli Ministry of Defense</a>.
On May 8, the company&nbsp;was awarded&nbsp;a contract worth approximately&nbsp;$53 million&nbsp;to supply the Crossbow Unmanned Turreted 120mm Soft Recoil Mortar Systems to&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38691712/elbit-systems-awarded-approximately-53-million-contract-to-supply-crossbow-unmanned-turreted-morta" rel="noreferrer noopener">General Dynamics European Land Systems</a>.
On May 5, the firm&nbsp;was awarded&nbsp;an initial contract of approximately&nbsp;$37 million&nbsp;to supply Iron Fist Active Protection Systems to General Dynamics Ordnance and Tactical Systems for upgrades to the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38631545/elbit-systems-awarded-37-million-contract-to-supply-iron-fist-aps-for-upgrading-u-s-armys-bradley-" rel="noreferrer noopener">U.S. Army&#8217;s Bradley M2A4E1 Infantry Fighting Vehicles.</a>
While reporting fourth-quarter results in March, the company&nbsp;detailed elaborately about&nbsp;its backlog of orders&nbsp;for the year ended&nbsp;December 31, 2023, which totaled&nbsp;$17.8 billion.&nbsp;
Approximately&nbsp;72% of&nbsp;the company&#8217;s&nbsp;backlog is attributable to orders from outside Israel. Approximately 60% of the current backlog is scheduled to be performed during 2024 and 2025, the company said.
&#8220;The acceleration in revenue growth reflects the successful implementation of our operational transformation plan, as we increase capacity to convert a growing backlog into revenues,&#8221; Machlis said in a&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37927788" rel="noreferrer noopener">press release dated March 26.</a>
Price Action:&nbsp;ESLT shares closed lower by 0.16% to $199.29&nbsp;on Wednesday.

General

Elbit Systems Bolstered By Recent Order Blitz - Clinches $260M Deal With International Client

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) (TASE: ESLT)&nbsp;(&quot;Elbit Systems&quot; or the &quot;Company&quot;) announced today that it was awarded a contract to supply systems to an international customer, in an amount of approximately&nbsp;$260 million. The contract will be performed over a period of 2 years.

Elbit Systems Bags a Contract of Approximately $260M from an International Customer

Elbit Systems (ESLT) has released an update. Elbit Systems Ltd. invites shareholders to its Annual General Meeting on September 19, 2024, at the Ad...

Elbit Systems Announces Upcoming Shareholders Meeting

Elbit CEO in Globes interview says some investors sold shares due to 'political pressures'

Elbit Systems: A Buy On Middle East War

Ducommun (DCO) reported solid financials in the last reporter quarter. Factors like strong demand for business jets, strategic projects and innovations, and continuous revenue growth are key drivers of the company's growth and success. So, let's analyze whether DCO is worth your attention today... Ducommun Incorporated (<a href="https://stocknews.com/stock/DCO/">DCO</a>), a global supplier of innovative electronic and structural solutions for the aerospace &amp; defense industry reported solid second quarter 2024 results.
DCO is a well-established supplier of critical components and assemblies for commercial aircraft, military, space vehicles and for the energy market, medical field, and industrial automation operating through Electronic Systems and Structural Systems segments.
During the second quarter, DCO secured a major award valuing over $12 million in revenue for Raytheon's TOW missile system, to be produced at its world-class engineering and manufacturing performance center in Guaymas. Also, it earned the Northrop Grumman Mission Systems Platinum Supplier Designation illustrating DCO's continuous high level of quality and on-time delivery performance.
Further, DCO's prospects appear bright with the robust growth of the overall <a href="https://www.thebusinessresearchcompany.com/report/aerospace-defense-global-market-report#:~:text=The%20aerospace%20%26%20defense%20market%20size,(CAGR)%20of%2011.5%25.">global aerospace and defense market</a>. The market is currently influenced by increasing geopolitical issues, government support, rising urbanization, and increasing military modernization programs, positioning it for significant growth. Also, trends like adoption of 3d printing technology, use of AI, edge computing in defense shape the market.
Stephen G. Oswald, chairman, president and chief executive officer said, "Q2 was another outstanding quarter for DCO as we grew our topline both year-over-year and sequentially, led by strength in both of our Commercial Aerospace and Military segments along with strong quarterly gross margins and Adjusted EBITDA margins."
He added, "Net revenue was a quarterly record $197.0 million, up over 5% compared to Q2 2023, with strong demand for business jets, select Airbus platforms, required buffer stock build for the Monrovia facility closure along with maintaining level load production rates on other commercial aerospace platforms despite the temporary slowdown in demand from aircraft OEMs."
Shares of DCO have surged 33% over the past six months and 42.7% over the past year to close its last trading session at $64.91.
Let's look at factors that could influence DCO's performance in the upcoming months.
Positive Recent Developments
On June 20, DCO received a major award totaling over $12 million in revenue for Raytheon's TOW missile system. The award represents the first order to be produced at the company's world-class engineering and manufacturing performance center in Guaymas.
Robust Financials
DCO's net revenues increased 5.2% year-over-year to $197 million during the second quarter that ended June 29, 2024. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%20is%20the%20income,have%20been%20removed%20from%20revenue.">gross profit</a> grew 27.7% from the year-ago value to $51.24 million. The company's non-GAAP adjusted operating income of $19.86 million indicates growth of 30.7% from the prior year's quarter.
In addition, the company's non-GAAP adjusted net income and non-GAAP adjusted EPS came in at $12.47 million and $0.83, up 71.4% and 53.7% year-over-year, respectively. Its adjusted EBITDA increased 14.8% from the year-ago value to $29.97 million.
Also, the company's total assets stood at $1.13 billion as of June 29, 2024, compared to $1.12 billion as of December 31, 2023.
Solid Historical Growth
DCO's revenue and EBITDA have grown at respective CAGRs of 7.5% and 4.9% over the past three years. The company's EBIT has increased 4.4% over the same timeframe, while its tangible book value and total assets have improved at CAGRs of 65% and 10.9%, respectively.
Favorable Analyst Estimates
Analysts expect DCO's revenue for the fourth quarter (ending December 2024) to increase 6.3% year-over-year to $204.39 million. The consensus EPS estimate of $0.93 for the same quarter reflects a 33.2% year-over-year improvement. Furthermore, the company has surpassed the consensus revenue and EPS estimates in three of the trailing four quarters.
For the fiscal year ending December 2024, its revenue and EPS are expected to grow 4% and 23% year-over-year to $787.33 million and $3.16, respectively. Additionally, Street expects the company's revenue and EPS for the fiscal year 2025 to increase 6.9% and 27.1% year-over-year to $841.83 million and $4.02, respectively.
Low Valuation
In terms of forward EV/Sales, DCO is currently trading at 1.54x, 17.3% lower than the industry average of 1.86x. Also, the stock's forward EV/EBITDA and Price/Sales of 10.30x and 1.22x are considerably lower than the industry average of 11.74x and 1.51x, respectively.
Additionally, the stock's forward Price/Book of 1.46x is 49.2% lower than the industry average of 2.87x.
POWR Ratings Reflect Promise
DCO's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DCO has a B grade for Growth, in sync with its impressive historical growth and solid financial performance in the last reported quarter.
In addition, the stock has a B grade for Value, consistent with its low valuation.
DCO is ranked #8 in the 70-stock <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry.
Beyond what I have stated above, we have also given DCO grades for Sentiment, Quality, Momentum, and Stability. Get access to all the DCO Ratings <a href="https://stocknews.com/stock/DCO/">here</a>.
Bottom Line
DCO reported solid financial results in the last reported quarter. The company has a strong presence in the sector, especially in aerospace &amp; defense industry, and it continues to secure significant contracts with major organizations, which provides a stable stream of revenue.
Also, its diversified portfolio of services and solutions, technological advancements, and solid financial performance contribute to the company's ongoing growth in the competitive market. Given strong financials, lower valuation, and robust growth outlook, it could be wise to invest in this stock.
How Does Ducommun Incorporated (DCO) Stack Up Against Its Peers?
While DCO has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry with A (Strong Buy) or B (Buy) ratings: Elbit Systems Ltd. (<a href="https://stocknews.com/stock/ESLT/">ESLT</a>), Lockheed Martin Corp. (<a href="https://stocknews.com/stock/LMT/">LMT</a>), and Innovative Solutions and Support, Inc. (<a href="https://stocknews.com/stock/ISSC/">ISSC</a>).
For exploring more A and B-rated Air/Defense stocks, <a href="https://stocknews.com/category/air-defense/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DCO shares were trading at $65.03 per share on Monday afternoon, up $0.12 (+0.18%). Year-to-date, DCO has gained 24.91%, versus a 18.71% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/dco-eslt-lmt-issc-is-ducommun-incorporated-a-hidden-gem-in-the-aerospace/>Is Ducommun Incorporated a Hidden Gem in the Aerospace & Defense Sector?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Ducommun Incorporated a Hidden Gem in the Aerospace & Defense Sector?

Elbit Systems secures $200M defense contract

Elbit Systems (ESLT) announced that it was awarded an approximately $200M contract by the Israeli Ministry of Defense, or IMOD, to supply high-powe...

Elbit Systems awarded $200M IMOD contract to supply 'Iron Beam'

Israel's Elbit Systems secures $127M contract

Elbit Systems (ESLT) announced that it was awarded a follow-on contract of approximately $127M to supply Iron Fist Active Protection Systems, or AP...

Elbit Systems awarded $127M follow-on contract from General Dynamics

ISSC

Press Releases

Elbit Systems Awarded Approximately $270 Million Contract to Supply Rocket Artillery for an International Customer

Elbit Systems Awarded $130 Million Contract to Supply Iron Fist APS to BAE Systems Hägglunds for a European Country

ELBIT SYSTEMS REPORTS SECOND QUARTER 2024 RESULTS

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024

Elbit Systems Announces the Results of its Annual General Meeting of Shareholders Held on September 19, 2024

Elbit Systems Awarded Approximately $200 Million Contract by the Israeli MOD to Supply High-Power Laser for the "Iron Beam" Air Defense System

Elbit Systems Schedules Third Quarter 2024 Results Release For November 19, 2024

Elbit Systems Awarded $127 Million Contract to Supply Iron Fist APS for Upgrading U.S. Army's Bradley IFVs

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