L3Harris(US:LHX) ZACKSยท2024-10-21 14:21Core 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]