L3Harris Technologies LHX reported its Q4 earnings results on Monday, January 31, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
L3Harris Technologies beat estimated earnings by 14.98%, reporting an EPS of $3.3 versus an estimate of $2.87, which surprised analysts.
Revenue was up $310.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.48, which was followed by a 2.91% increase in the share price the next day.
Here's a look at L3Harris Technologies's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.73 | 3.18 | 2.94 | 3.09 |
| EPS Actual | 3.21 | 3.26 | 3.18 | 3.14 |
| Revenue Estimate | 4.51B | 4.63B | 4.54B | 4.89B |
| Revenue Actual | 4.23B | 4.67B | 4.57B | 4.66B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
L3Harris Technologies management provided guidance for their next quarter, expecting earnings between $13.35 and $13.65 per share for the next quarter.
This represents a 309.09% in quarter-over-quarter growth for L3Harris Technologies, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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