Elbit (ESLT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
LAUR, ESLT and LNTH made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 21, 2024.
Elbit (ESLT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Elbit Systems Ltd. (NASDAQ:ESLT ) Q1 2024 Earnings Conference Call May 28, 2024 9:00 AM ET Company Participants David Ravia - VP, IR Kobi Kagan - EVP & CFO Butzi Machlis - President & CEO Conference Call Participants Peter Skibitski - Alembic Global Sheila Kahyaoglu - Jefferies Omri Efroni - Oppenheimer Operator Ladies and gentlemen, thank you for standing by.