L3Harris (LHX) Q4 Earnings and Revenues Surpass Estimates

Core Viewpoint - L3Harris (LHX) reported quarterly earnings of $3.47 per share, exceeding the Zacks Consensus Estimate of $3.43 per share, and showing an increase from $3.35 per share a year ago, indicating a positive earnings surprise of 1.17% [1][2] Financial Performance - The company achieved revenues of $5.52 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.30% and up from $5.34 billion year-over-year [2] - Over the last four quarters, L3Harris has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance - L3Harris shares have increased approximately 0.8% since the beginning of the year, while the S&P 500 has gained 2.7%, indicating underperformance relative to the broader market [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.29 on revenues of $5.3 billion, and for the current fiscal year, it is $14.19 on revenues of $21.7 billion [7] - The trend of estimate revisions for L3Harris is mixed, which could change following the recent earnings report [6] Industry Context - The Aerospace - Defense industry, to which L3Harris belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may impact the stock's performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can significantly affect stock performance [5][8]