Zacks Premium and Style Scores - Zacks Premium offers daily updates of Zacks Rank and Zacks Industry Rank, full access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to help investors make informed decisions [1] - Zacks Style Scores are complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days, with ratings from A to F based on value, growth, and momentum characteristics [3] - The Style Scores are divided into four categories: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [4][5][6][7] Zacks Rank and Style Scores Integration - Zacks Rank uses earnings estimate revisions to build a winning portfolio, with 1 (Strong Buy) stocks producing an average annual return of +25.41% since 1988, more than double the S&P 500 [8][9] - To maximize returns, investors should consider stocks with a Zacks Rank 1 or 2 and Style Scores of A or B, as these have the highest probability of success [10] - Stocks with a 3 (Hold) rank should also have Style Scores of A or B to ensure upside potential, while stocks with 4 (Sell) or 5 (Strong Sell) ratings, even with high Style Scores, are likely to decline due to downward-trending earnings forecasts [11][12] L3Harris Technologies (LHX) Analysis - L3Harris Technologies, Inc was formed in 2019 through the merger of L3 Technologies and Harris Corporation and operates in aerospace and defense, with four major business segments following the acquisition of Aerojet Rocketdyne in 2023 [13] - LHX has a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of A and shares up 1% over the past four weeks [14] - For fiscal 2024, five analysts revised their earnings estimates upwards in the last 60 days, increasing the Zacks Consensus Estimate by $0.03 to $13.09 per share, with an average earnings surprise of 2.8% [14][15]

Company and Industry Overview * **Company**: L3Harris Technologies, Inc. (NYSE:LHX) * **Market Cap**: $50 billion * **Industry**: Aerospace & Defense * **Focus**: Trusted disruptor in the industry, delivering advanced capabilities for U.S. industry allies, leading industry operating margins, mid-teens and trending higher. Key Growth Drivers * **Space**: Significant growth with over 40 satellite contracts awarded by the Space Development Agency. * **Air**: Flattish industry growth, but focus on electronic warfare and components. * **Navy and Maritime**: Growth area with focus on autonomy, including autonomous surface and autonomous undersea vehicles. * **Land**: Networks, radios, and night vision goggles. * **Cyber**: $1 billion cyber business growing well over the last few years. * **Aerojet Rocketdyne**: Acquisition driving growth, with significant demand and investments in new facilities. Business Model and Strategy * **Commercial Business Model**: Selling to the government in a commercial-like manner, reducing regulations and streamlining the acquisition process. * **Agile and Responsive**: Positioning the company to rapidly respond to changing threats or budget dynamics. * **Innovation**: Investing in venture capital, strategic partnerships (e.g., Palantir), and technology development. Communications Systems * **Tactical Radios**: Significant growth opportunities with a $10 billion pipeline of opportunities. * **Software-Defined Radios**: Focus on software and network capabilities, with a new go-to-market approach. * **Interoperability**: High demand for interoperable hardware, particularly in Europe. Aerojet Rocketdyne * **Demand**: Significant demand for solid rocket motors, with high demand and investments in new facilities. * **Supply Chain**: Addressing supply chain challenges through long-term agreements and investments in new facilities. * **Employee Morale**: High employee satisfaction and retention rates. LHX NeXt * **Cost Savings**: Targeting $1 billion in run rate savings by 2026, with $600 million expected in 2024. * **Transformation**: Transforming the business function by function, investing in technology, and streamlining operations. * **Employee Engagement**: High employee engagement and motivation. Future Outlook * **Revenue**: Targeting $23 billion in sales by 2026. * **Margins**: Targeting at least 16% margins by 2026. * **Free Cash Flow**: Targeting $2.8 billion of free cash flow per share by 2026. * **Innovation**: Embracing new entrants and technology to disrupt the industry.

L3Harris Technologies NYSE: LHX has many factors in its favor to provide ample tailwind for share prices, including Donald Trump. His defense policies were a boon to the defense industry during the first administration and will likely do so again. The opportunity for investors is that the stock outperformed in a bullish market and will likely do so again. The stock rose by 100% from November 2016 through November 2020 and is on track to set new highs in 2024 and 2025.  Get L3Harris Technologies alerts:L3Har ...

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L3Harris Technologies Inc LHX stock is trading higher after the company reported better-than-expected third-quarter financial results.On Thursday, L3Harris reported third-quarter revenue of $5.3 billion, up by 8%, topping the analyst consensus of $5.28 billion. The defense contractor reported adjusted EPS of $3.34, above consensus estimates of $3.26.Also Read: What’s Going On With Nvidia, AMD And Other Chip Stocks On Friday?L3Harris revised its full-year 2024 revenue guidance from $21 billion—$21.3 billion ...

L3Harris Technologies, Inc. (NYSE:LHX) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants Daniel Gittsovich - VP, IR Christopher Kubasik - Chair and CEO Kenneth Bedingfield - SVP and CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Myles Walton - Wolfe Research Richard Safran - Seaport Research Partners Douglas Harned - Bernstein Matthew Akers - Wells Fargo David Strauss - Barclays Michael Ciarmoli - Truist Gautam Khanna - TD Cowen Peter Skibitski - Alembic Global ...

l3harrislogoa02.jpg UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ Commission File Number 1-3863 | --- | --- | |------------------------------------------------------- ...

L3Harris Technologies, Inc. (LHX) reported third-quarter 2024 adjusted earnings (from continuing operations) of $3.34 per share, which beat the Zacks Consensus Estimate of $3.27 by 2.1%. The bottom line also increased 4.7% from the year-ago quarter’s figure of $3.19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Excluding one-time items, the company reported GAAP earnings of $2.10 per share, up from $2.02 generated in the prior-year period.The year-over-year improvement in the bott ...

L3Harris (LHX) reported $5.29 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.7%. EPS of $3.34 for the same period compares to $3.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.32 billion, representing a surprise of -0.45%. The company delivered an EPS surprise of +2.14%, with the consensus EPS estimate being $3.27.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

L3Harris (LHX) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.14%. A quarter ago, it was expected that this technology and communications company would post earnings of $3.18 per share when it actually produced earnings of $3.24, delivering a surprise of 1.89%.Over the last four qu ...