Analyst Consensus ?
ConsensusHold6 ratings
Bullish116.7%
Neutral583.3%
Bearish00.0%
Elbit Systems Ltd. · ESLT · FY2024 Q4 · Calendar Q1 2025
Elbit Systems: Growth and Backlog Strength, With Margin Risks
The current analysis supports a constructive operating trajectory: sustained demand, record backlog and international growth provide visibility, but margin pressure, cash-flow quality and capacity execution temper confidence.
Reported Before market openNASDAQIndustrials
$35.40B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.95
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.78B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+10.6%
Event window
SPY move
-1.1%
Same window
Abnormal move
+11.7%
Stock minus SPY
Volume
3.9×
Versus trailing sessions
Subsequent drift
-1.0%
Up to 20 sessions
ESLTSPY benchmark
Ask FN2 about ESLT FY2024 Q4
Transcript, numbers and history already loaded
What drove ESLT's +10.6% move after FY2024 Q4 earnings?What changed in ESLT's guidance and outlook in FY2024 Q4?Give me the bull and bear case for ESLT after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current analysis adds record $4.8 billion export sales, a $22.6 billion backlog with 65% outside Israel, $320 million of free cash flow, and greater emphasis on ERP, AI and capacity expansion. It also identifies margin compression and cash-flow quality as central watchpoints.
Guidance delta
No new guidance was provided in the current analysis; the prior-quarter analysis described guidance sentiment as maintained.
Key takeaways
- The current analysis describes a fourth consecutive quarter of double-digit growth in revenue, operating profit and EPS.
- Backlog reached $22.6 billion, with 65% generated outside Israel, while export sales reached a record $4.8 billion.
- Free cash flow reached $320 million, but analysts questioned how much was supported by contract-liability inflows.
- Management emphasized capacity expansion, ERP integration and AI-enabled operational improvements.
Management priorities
- Scale production at Ramat Beka and expand capacity across additional lines
- Continue ERP implementation and apply AI and robotics to manufacturing and internal processes
- Expand internationally through European, North American and Asia-Pacific demand, partnerships and contracts
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Try FN2 freeEarnings History
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Miss
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Analyst 52W Price Targets
$755.43Current
$790Low
$840Average
$880High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Jefferies | Hold | Hold | Maintain | Oct 5, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Aug 19, 2026 |
| B of A Securities | Buy | Buy | Maintain | Aug 26, 2025 |
| Standpoint Research | Hold | Accumulate | Downgrade | Oct 5, 2017 |
| Citigroup | Neutral | Buy | Downgrade | Jan 2, 2014 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 15, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $755.43. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $850 | $741.61 | +12.5% | Oct 16, 2026 |
| Jefferies | Sheila Kahyaoglu | $790 | $722.83 | +4.6% | Oct 5, 2026 |
| Morgan Stanley | Analyst unavailable | $845 | $736.3 | +11.9% | Jul 15, 2026 |
| Jefferies | Analyst unavailable | $880 | $770.64 | +16.5% | Jun 24, 2026 |
| Jefferies | Sheila Kahyaoglu | $950 | $823.84 | +25.8% | May 27, 2026 |
| Morgan Stanley | Analyst unavailable | $531 | $500.37 | -29.7% | Dec 11, 2025 |
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Start freeCompany context
Snapshot as of publicationHeadquartered in Haifa, Israel, and established in 1966, Elbit Systems Ltd. is a leading provider of advanced solutions for the defense, homeland security, and commercial aerospace sectors. The company's extensive portfolio spans airborne, land, and naval applications. In the aerial domain, offerings include systems for military aircraft and helicopters, commercial aviation components, and unmanned aerial systems. For ground operations, Elbit supplies vehicle systems, a range of munitions, sophisticated command, control, communications, computer, intelligence, surveillance, and reconnaissance (C4ISR) capabilities, and cyber technologies, alongside armored vehicle protection…
Historical context
All ESLT earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JBHT J.B. Hunt Transport Services, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | -2.0% | J.B. Hunt: Strong demand, but margin repair remains central |
| FAST Fastenal Company | FY2026 Q3 · Calendar Q4 2026 | +3.3% | +1.1% | Fastenal Q3: Share Gains and Digital Adoption Lift Growth |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-03-04T00:01:27.916433+00:00
- Polygon adjusted daily market bars · 2026-10-18T04:10:42.899304+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T04:10:42.896478+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.