Incorporated in 1978, FLIR Systems, Inc. (NASDAQ:FLIR) is an Oregon-based corporation, which specializes in designing, manufacturing and marketing of thermal imaging systems. Its products are used in a wide variety of applications in commercial, industrial and government markets, both international and domestic. The company offers a variety of system configurations to suit specific customer requirements.
FLIR’s core strength in providing reliable and effective imaging and threat-detection technologies has been bolstering its growth momentum.
Strong competition from various big and small industry players remains a threat to FLIR System’s profitability. Identification of new applications for thermal imaging depending on customer needs, coupled with development of commercial quantities at reasonable costs, remains a primary challenge.
FLIR has had a decent earnings surprise history. The company surpassed the Zacks Consensus Estimate in all the trailing four quarters, with an average beat of 6.80%.
Currently, FLIR Systems has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2019 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FLIR Systems, Inc. Price and EPS Surprise
We have highlighted some of the key details from the just-released announcement below:
Earnings: FLIR Systems' adjusted earnings per share came in at 53 cents, beating the Zacks Consensus Estimate of 48 cents.
Revenue: Revenues of $444.7 million were higher than the Zacks Consensus Estimate of $439 million.
Key Stats: Solid performance by the Industrial segment and Government and Defense segment primarily resulted in the year-over-year increase in the top line.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
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FLIR Systems, Inc. (FLIR): Free Stock Analysis Report
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Zacks Investment Research