Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? L3Harris (LHX) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.When looking at the last two reports, this technology and communications company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.88%, on average, in the last two quarters.For the most rece ...

Core Insights - L3Harris (LHX) is expected to report quarterly earnings of $3.26 per share, reflecting a 2.2% increase year-over-year, with revenues forecasted at $5.31 billion, representing an 8% year-over-year increase [1][2] Earnings Estimates - There has been a downward revision of 0.2% in the consensus EPS estimate over the last 30 days, indicating analysts' reconsideration of their initial forecasts [1] - The average revenue estimate for 'Space and Airborne Systems' is projected at $1.74 billion, showing a 3.2% increase from the previous year [2] - 'Integrated Mission Systems' revenue is expected to reach $1.64 billion, indicating a 4.6% year-over-year change [2] - 'Communication Systems' revenue is anticipated to be $1.35 billion, reflecting a 7.8% increase compared to the prior-year quarter [2] Stock Performance - L3Harris shares have increased by 6.7% in the past month, outperforming the Zacks S&P 500 composite, which saw a 4.5% increase [2] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [2]

Core Viewpoint - L3Harris Technologies, Inc. (LHX) is expected to report strong third-quarter 2024 results, driven by solid performance across its business segments despite high interest expenses [1][4]. Group 1: Revenue Expectations - The Integrated Mission Systems (IMS) segment is projected to see a revenue increase of 4.1% year-over-year, with estimated revenues of $1,632.4 million, supported by higher sales from the maritime business [2]. - The Space and Airborne Systems (SAS) unit is anticipated to report revenues of $1,739.5 million, reflecting a 3.2% improvement from the previous year, bolstered by strong sales in Space Systems and Intel & Cyber programs [3]. - The Communication Systems unit is expected to achieve revenues of $1,353.3 million, indicating a growth of 7.8% year-over-year, driven by increased sales in Tactical Communication and Broadband Communications [3]. Group 2: Overall Financial Performance - The consensus estimate for LHX's total third-quarter sales is $5.30 billion, representing a 7.9% increase from the prior-year quarter [4]. - The expected earnings per share for the third quarter is $3.26, which implies a 2.2% increase compared to the same quarter last year [4]. - Positive synergies from the acquisition of Aerojet Rocketdyne are likely to enhance LHX's third-quarter results, alongside improved operating margins due to operational efficiencies and cost reduction initiatives [4]. Group 3: Earnings Prediction - The Zacks model indicates a strong likelihood of an earnings beat for L3Harris, supported by an Earnings ESP of +1.19% and a Zacks Rank of 3 [5].

Wall Street expects a year-over-year increase in earnings on higher revenues when L3Harris (LHX) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24. ...

Group 1 - The article promotes iREIT on Alpha as a source for in-depth research on various income alternatives including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs [1] - It highlights the positive feedback from users, with 438 testimonials, most rated 5 stars, indicating a strong reputation in the market [1] Group 2 - The article includes a disclosure from the analyst stating a beneficial long position in the shares of LHX and LMT, indicating potential investment interest in these companies [2] - It clarifies that the opinions expressed are personal and not influenced by compensation from any company mentioned [2] Group 3 - Seeking Alpha emphasizes that past performance does not guarantee future results, which is a standard disclaimer in investment analysis [3] - The platform notes that its analysts are third-party authors, which may include both professional and individual investors without formal licensing [3]

On October 2, 2024, Ross Niebergall, President of Aerojet Rocketdyne, a subsidiary of L3Harris Technologies Inc (LHX, Financial), sold 2,988 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 13,328.16 shares of L3Harris Technologies Inc. L3Harris Technologies Inc, headquartered in Melbourne, Florida, is a global aerospace and defense technology innovator, providing advanced defense and commercial technologies across air, land, sea, space, a ...

I am always on the lookout for strongly undervalued stocks, in the dirt and under the rocks. Following me will allow you to read about little known, forgotten and underrated stocks, in any geography and sector.My name is Akim and I am a professional portfolio manager for investment funds.I live in beautiful Luxembourg and graduated from a business major, having studied in France, in the U.S. and in Russia.My articles are completely independent. I am since early 2022 a Popular Investor on the brokerage platf ...

L3Harris Technologies, Inc. (LHX) recently revealed that it has started manufacturing its Viper Shield alldigital electronic warfare (EW) suite for F-16 fighter planes, achieving a significant milestone in the electromagnetic spectrum. This should strengthen L3Harris' already established footprint in the EW market. Six nations' F-16 fleets will receive the Viper Shield from LHX, which is currently in production at the company's manufacturing site based in Clifton, NJ. A Brief Note on LHX's Viper Shield To g ...

L3Harris Technologies (LHX) announced that it has received a five-year contract, worth $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy's Aerial Electronic Attack capability. Details of LHX's New Contract The Next Generation Jammer-Low Band (NGJ-LB) is an advanced airborne electronic warfare system. The L3Harris solution will be simpler to maintain than the Navy's present system because of its modular, opensystem architecture, which allows for seamless updates. It ...

Core Viewpoint - The article emphasizes L3Harris Technologies (LHX) as a strong long-term investment in the defense sector, highlighting its diversified revenue streams, growth potential, and strategic positioning in critical defense areas like missile propulsion and ISR [8][29][30]. Group 1: Company Overview - L3Harris Technologies generated $19.4 billion in revenue in 2023 with 14.8% operating margins, aiming for $23 billion in revenue by 2026 with at least 16% margins, indicating a 3-year revenue CAGR of 5.8% and an implied free cash flow CAGR of 12% [11][10]. - The company is a critical supplier in the defense supply chain, particularly in missile propulsion, capturing approximately 20% of the total costs of every missile it is involved with [10][12]. - L3Harris is one of only two U.S. companies capable of supplying solid rocket motors, with growth opportunities in space launch propulsion, in-space propulsion, tactical missiles, air defense, and strategic deterrence [12][10]. Group 2: Market Dynamics - The ISR market is projected to grow from $40.2 billion in 2022 to $74 billion by 2032, with a CAGR of over 6%, indicating strong demand growth in this segment [16]. - Government spending on defense is under pressure due to rising interest payments, which exceed the national defense consumption budget, but elevated geopolitical risks are likely to sustain defense spending [6][7]. Group 3: Strategic Initiatives - L3Harris is focusing on innovation and cost reduction, targeting a $1 billion reduction in run-rate costs by 2026 through its LHX NeXt program, and is ahead of schedule in achieving this goal [21][24]. - The company is investing in startups, holding 2-8% ownership in around 40 high-tech companies, which allows it to integrate new technologies into its solutions without acquiring these companies [21][30]. Group 4: Financial Outlook - Analysts project a path to $2.8 billion in free cash flow by 2026, translating to 6.6% of its current market cap, with a cash dividend payout ratio of just 30%, indicating significant room for aggressive dividend growth and buybacks [24][25]. - The company currently yields 2.0%, with a five-year dividend CAGR of 10.5%, and plans to return 100% of excess free cash flow to shareholders once leverage targets are met [23][24]. Group 5: Competitive Positioning - L3Harris's diversified portfolio mitigates risks associated with reliance on specific programs, unlike competitors such as Lockheed Martin, which heavily depend on the F-35 fighter jet [9][31]. - The company’s strategy allows it to win contracts as both a prime contractor and a subcontractor, providing flexibility and resilience against market shifts and new entrants [20][31].