Harris Earnings Preview: Can This Streak Continue?

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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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Harris has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Harris has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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