L-3 Communications Holdings Inc. is a leading supplier of a broad range of products and services used in a number of aerospace and defense platforms. The company is focused on consolidating its operations through acquisitions to improve its competitiveness. A robust financial position allows the company to continue with its acquisitions and create shareholder value at the same time.
However, the company has been witnessing weak performance in some of its product lines. The most worrying aspect of this is the downward trend in margins for service-related work due to competitive pressure.
Coming to the earnings surprises history, L-3 Communications has reported positive earnings surprises in three out of the last four quarters with an average beat of negative 9.38%.
Zacks Rank
Currently, L-3 Communications has a Zacks Rank #3 (Hold), but that could definitely change following L-3 Communications’ earnings report which was just released. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
Our consensus called for second quarter EPS of $1.68, and the company reported adjusted EPS of $1.88.
Revenue Beat
The company posted revenues of $2,664 million in second quarter, compared to our consensus estimate of $2,473 million.
Key Developments to Note
The company reported a 15% year over year decrease in its funded orders in the second quarter as compared to the prior-year period. The funded orders for the reported quarter were $2.1 million.
The company now expects its adjusted earnings guidance to the range of $7.65−$7.85 per share (versus its prior guided range of $7.55-$7.75 per share) with revenues of $10,150 −$10,250 billion (versus its prior guided range of $9,950−$10,150 billion) for the year.
Check back later for our full write up on this L-3 Communications earnings report later!
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L-3 Communications (LLL) Beats on Q2 Earnings & Revenues
L-3 Communications Holdings Inc. is a leading supplier of a broad range of products and services used in a number of aerospace and defense platforms. The company is focused on consolidating its operations through acquisitions to improve its competitiveness. A robust financial position allows the company to continue with its acquisitions and create shareholder value at the same time.
However, the company has been witnessing weak performance in some of its product lines. The most worrying aspect of this is the downward trend in margins for service-related work due to competitive pressure.
Coming to the earnings surprises history, L-3 Communications has reported positive earnings surprises in three out of the last four quarters with an average beat of negative 9.38%.
Zacks Rank
Currently, L-3 Communications has a Zacks Rank #3 (Hold), but that could definitely change following L-3 Communications’ earnings report which was just released. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
Our consensus called for second quarter EPS of $1.68, and the company reported adjusted EPS of $1.88.
Revenue Beat
The company posted revenues of $2,664 million in second quarter, compared to our consensus estimate of $2,473 million.
Key Developments to Note
The company reported a 15% year over year decrease in its funded orders in the second quarter as compared to the prior-year period. The funded orders for the reported quarter were $2.1 million.
The company now expects its adjusted earnings guidance to the range of $7.65−$7.85 per share (versus its prior guided range of $7.55-$7.75 per share) with revenues of $10,150 −$10,250 billion (versus its prior guided range of $9,950−$10,150 billion) for the year.
Check back later for our full write up on this L-3 Communications earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>