What's In The Cards For FLIR Systems (FLIR) Q4 Earnings?
Zacks Investment Research | Feb 07, 2019 08:32PM ET
FLIR Systems Inc. (NASDAQ:FLIR) is set to report fourth-quarter and full year 2018 financial results on Feb 13, before the market opens. In the trailing four quarters, the company came up with average positive earnings surprise of 6.86%.
Let's take a closer look at the factors influencing FLIR Systems’ quarterly results.
Factors to Consider
Last year, FLIR Systems sold its Canadian security products subsidiary, Lorex, Inc., and the SMB Visible-Spectrum security business. As a result of this divestiture, the company's Commercial business segment took a hit. The divestment may still continue to hurt the top line of its Commercial business segment, which in turn may weigh on the company’s overall quarterly revenues. In line with this, the Zacks Consensus Estimate for fourth-quarter revenues is pegged at $467 million, reflecting an annual decline of 5.7%.
FLIR Systems consistently banks on acquisitions and strategic investments to boost its core and non-core businesses. To this end, in mid-September, the company acquired Acyclica — a leading developer of software for automotive roadway and intersection data generation and analysis. Such earnings accretive investments are expected to continue to boost FLIR Systems' bottom-line results in the to-be-reported quarter. Considering such developments, the consensus mark for the company’s fourth-quarter earnings pegged at 60 cents per share represents year-over- year increase of 3.45%.
Earnings Whispers
Our proven model does not conclusively show that FLIR Systems is likely to beat on earnings this quarter. This is because a stock needs to have both — a positive Zacks Investment Research
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