L3 Technologies, Inc. is scheduled to release second-quarter 2018 results on Jul 26, before the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 17.59%. Moreover, it surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average beat of 7.42%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
Contract wins from Pentagon as well as foreign allies of the United States drive revenues for defense contractors like L3 Technologies. Unfortunately, the company was successful in securing only one notable contract worth $391 million throughout the second quarter of 2018. Such a dearth in orders is likely to weigh on the company’s revenues for the to-be-reported quarter.
Meanwhile, L3 Technologies' commercial SATCOM sales witnessed a modest decline in the first quarter due to continued soft market demand for new satellites. This trend is expected to continue in the near term as well, thereby hampering the company’s second quarter revenues.
Cumulatively, these factors are expected to drag down the company’s overall top line number. Evidently, the Zacks Consensus Estimate for revenues is pegged at $2.48 billion, implying a 9.2% year-over-year decline.
On the bottom line front, the company expects its operating margin to expand in the second quarter by approximately 180 basis points, which in turn should benefit its quarterly earnings. Moreover, lower tax rates are expected to consistently boost L3 Technologies’ earnings. In line with this, the Zacks Consensus estimate for the company’s earnings of $2.30 per share reflects a 4.1% year-over-year rise for the upcoming quarterly result.
L3 Technologies Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
L3 Technologies, Inc. is scheduled to release second-quarter 2018 results on Jul 26, before the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 17.59%. Moreover, it surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average beat of 7.42%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
Contract wins from Pentagon as well as foreign allies of the United States drive revenues for defense contractors like L3 Technologies. Unfortunately, the company was successful in securing only one notable contract worth $391 million throughout the second quarter of 2018. Such a dearth in orders is likely to weigh on the company’s revenues for the to-be-reported quarter.
Meanwhile, L3 Technologies' commercial SATCOM sales witnessed a modest decline in the first quarter due to continued soft market demand for new satellites. This trend is expected to continue in the near term as well, thereby hampering the company’s second quarter revenues.
Cumulatively, these factors are expected to drag down the company’s overall top line number. Evidently, the Zacks Consensus Estimate for revenues is pegged at $2.48 billion, implying a 9.2% year-over-year decline.
On the bottom line front, the company expects its operating margin to expand in the second quarter by approximately 180 basis points, which in turn should benefit its quarterly earnings. Moreover, lower tax rates are expected to consistently boost L3 Technologies’ earnings. In line with this, the Zacks Consensus estimate for the company’s earnings of $2.30 per share reflects a 4.1% year-over-year rise for the upcoming quarterly result.
L3 Technologies Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on LMT - FREE
Get the latest research report on TXT - FREE