Harris Earnings Preview: Can This Streak Continue?
Harris (NYSE:HRS) will report earnings before markets open on Tuesday, April 30th. Harris Corporation is an international communications equipment company focused on product, system, and service solutions. The Company provides a range of mission critical communications products, systems and services for global markets, including defense communications and electronics, government communications, broadcast communications and wireless transmission network solutions.
Here is your Cheat Sheet to Harris Earnings:
Earnings Expectations: Analysts expect earnings of $1.12 per share on revenues of $1.21 billion.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.49 to a profit $1.14. For the current year, the average estimate is a profit of $4.65, which is worse than the estimate ninety days ago.
Here’s how Harris has been performing on an annual basis:
|Revenue ($) in millions||4,596||5,005||5,206||5,418||5,451|
|Diluted EPS ($)||3.26||0.28||4.28||4.60||0.26|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||1,310||1,476||1,079||1,262||1,287|
|Diluted EPS ($)||1.16||-3.15||1.146||-0.76||0.43|
Harris has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)