Market Overview

Benchmark Says FLIR Systems To Report Earnings April 29


According to Benchmark, FLIR Systems (NASDAQ: FLIR) is scheduled to report Q1FY11 results on Friday April 29th.

Benchmark reported that it expects the company to report an in-line or potentially weaker than expected quarter. “We are cautious ahead of earnings due to potentially weaker than expected Government results and bookings. Our channel checks suggest that Government bookings were likely below revenue of approximately $150 million due to slow contracting activities with the U.S. military and the lack of major contract awards. Government backlog has been down for six consecutive quarters and will likely around $300+ million at the end of Q1, which is down 20%+ from last year. This would reduce Government visibility to less than 50% for the year to get to a flat revenue run rate of $661 million for the year. The company on average had funded Government backlog supporting 65% of revenue visibility at the end of Q1 for the last four years.”

FLIR Systems closed yesterday at $33.08.

Posted-In: Benchmark FLIR SystemsAnalyst Color Analyst Ratings


Related Articles (FLIR)

View Comments and Join the Discussion!

Latest Ratings

VIACJP MorganReinstates50.0
NUVASVB LeerinkMaintains92.0
SRPTCantor FitzgeraldMaintains211.0
LULUGoldman SachsMaintains219.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

SXC Health Solutions Announces HCIT Contract With Health Alliance Plan (SXCI)

A Potential MACD Buy Signal For The Qs