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Stock impact report

Gilat Satellite Networks Ltd. Price, Consensus and EPS Surprise [Yahoo! Finance]

Gilat Satellite Networks Ltd. - Ordinary Shares (GILT) 
US:NASDAQ Investor Relations: gilat.com/investor-relations
Company Research Source: Yahoo! Finance
4 min read In This Article GILT BCE Gilat Satellite Networks Ltd. GILT reported fourth-quarter 2024 adjusted earnings per share (EPS) of 15 cents compared with 11 cents a year ago. The bottom line beat the Zacks Consensus Estimate by 7.14%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Revenues for the quarter reached $78.1 million, up 3% from a year ago. The rise is driven by steady traction in the defense and in-flight connectivity (IFC) sectors, securing a higher volume of orders and awards. However, the top line missed the consensus mark by 6.7% The company is expanding its portfolio of secure satellite solutions tailored to government and military applications. Gilat's strong focus on the U.S. Department of Defense (DoD) presents a significant growth opportunity in the long term. GILT's acquisition of Stellar Blu further strengthens its position in the IFC market, enabling it to offer state-of-the-art Electronically Steerable Antennas and Show less Read more
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