Motorola (MSI) Surpasses Q2 Earnings and Revenue Estimates

Core Viewpoint - Motorola (MSI) reported quarterly earnings of $3.24 per share, exceeding the Zacks Consensus Estimate of $3.01 per share, and showing an increase from $2.65 per share a year ago, indicating a strong performance in the communications equipment sector [1] Financial Performance - The company achieved revenues of $2.63 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.53% and up from $2.4 billion in the same quarter last year [2] - Over the last four quarters, Motorola has consistently exceeded consensus EPS estimates and revenue expectations [2] Stock Performance - Motorola shares have increased approximately 27.4% since the beginning of the year, outperforming the S&P 500's gain of 15.8% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for continued outperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.33, with projected revenues of $2.72 billion, and for the current fiscal year, the EPS estimate is $13.09 on revenues of $10.68 billion [7] - The trend of estimate revisions for Motorola has been favorable leading up to the earnings release [6] Industry Context - The Wireless Equipment industry, to which Motorola belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, which may impact stock performance [8] - Another company in the same industry, ViaSat (VSAT), is expected to report a quarterly loss of $0.42 per share, reflecting a year-over-year change of +49.4% [9]