L3Harris Technologies Set to Reveal Q2 Earnings: A Deep Dive Analysis and What to Expect
August 26, 2023
🌥️Introduction:
As the market eagerly awaits the upcoming earnings call of L3Harris Technologies, scheduled for July 27, 2023, at 8:00 AM EST, investors and analysts alike are examining the available data to gain insights into the company’s financial performance. In this article, we will embark on a comprehensive analysis of L3Harris Technologies from various perspectives. From fundamental and technical analysis to historical guidance and analysts’ estimates, this piece will provide you with a holistic view of what to expect from the company’s Q2 earnings results.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q2 | 2023-06-30 | 349.0 | 4693.0 | 1.83 | million USD |
| Q1 | 2023-03-31 | 337.0 | 4471.0 | 1.76 | million USD |
| Q4 | 2022-12-31 | 416.0 | 4578.0 | 2.16 | million USD |
| Q3 | 2022-09-30 | -300.0 | 4246.0 | -1.56 | million USD |
| Q2 | 2022-06-30 | 471.0 | 4135.0 | 2.42 | million USD |
L3Harris Technologies, a renowned technology company specializing in communications, defense, and space, has demonstrated consistent growth over the past year. Its total revenue has steadily increased, reaching $4,693 million in Q2 2023. Furthermore, the company has showcased profitability, with a net income of $349 million during the same period. This financial stability bodes well for investors, indicating a strong foundation for future growth.
In terms of earnings per share (EPS), L3Harris Technologies has been estimated to report an adjusted EPS of $2.94 for Q2 2023. The consistent estimates from various sources reflect the market’s confidence in the company’s performance. However, it is worth noting that there has been a slight decrease from the estimate of $2.95 projected 90 days ago. This minor adjustment may impact investors’ expectations and contribute to market volatility.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-24 | 176.8 | 179.1 | -0.4 | -0.2 |
| 5D | 2023-08-18 | 176.8 | 184.1 | -3.6 | -2.0 |
| 1M | 2023-07-26 | 176.8 | 204.2 | -24.7 | -12.2 |
| 3M | 2023-05-22 | 174.6 | 204.2 | -8.3 | -4.5 |
Taking a closer look at L3Harris Technologies‘ recent price performance, we observe some fluctuations within the past three months. The stock price experienced a 12.2% decline in the month leading up to the earnings call. However, it is essential to note that short-term price movements may not necessarily reflect the company’s long-term prospects.
Historical Guidance:
Examining L3Harris Technologies‘ past year financials provides valuable insights into its ability to weather challenges and capitalize on opportunities. Despite a negative net income in Q3 2022, the company bounced back strongly, reporting a net income of $471 million in Q2 2022. This demonstrates L3Harris Technologies‘ resilience and ability to adapt to market conditions.
Analysts Estimates:
The consensus among analysts regarding L3Harris Technologies‘ adjusted EPS for Q2 2023 is $2.94, as indicated by MorningStar’s estimates. This consensus reflects stability, with no significant changes in estimates over the past 30, 60, and 90 days. Investors can find reassurance in the analysts’ consistent projections, enhancing confidence in the accuracy of forthcoming results.
Conclusion:
With the upcoming earnings call of L3Harris Technologies approaching, investors and analysts are eagerly waiting to uncover the company’s financial performance for Q2 2023. A combination of fundamental and technical analysis, historical guidance, and analysts’ estimates provides us with a comprehensive understanding of what may transpire during the call.
Considering the consistent growth in total revenue and profitability demonstrated by L3Harris Technologies, investors can anticipate positive results. While short-term price fluctuations may have some impact on investor sentiment, it is crucial to focus on the long-term prospects of the company.
The analysts’ consensus estimate of $2.94 for adjusted EPS further reinforces confidence in L3Harris Technologies‘ anticipated performance. However, it is essential to approach earnings calls with an open mind, as surprises can occur.
As investors await the earnings call on July 27, at 8:00 AM EST, it is recommended to tune in to gain further insights and hear management’s commentary on the company’s financial performance. This call presents an excellent opportunity to understand the factors influencing L3Harris Technologies‘ growth trajectory and provides valuable information for making informed investment decisions.
In conclusion, L3Harris Technologies‘ upcoming earnings call holds immense significance for investors, as it will shed light on the company’s financial performance and reveal its ability to navigate the current market conditions successfully. By diligently considering the available data and insights, investors can gain a comprehensive understanding of the company’s prospects and make informed decisions.
