Harris Corporation reported healthy third-quarter fiscal 2018 financial results on the back of solid revenues and orders growth across all three segments.
In the last four trailing quarters, Harris has beaten earnings estimates thrice for an average positive surprise of 6.7%. As the extent of competition is increasing over time, investors have been eagerly waiting for the company’s latest earnings report.
Currently, Harris has a Zacks Rank #4 (Sell), but that could change following third-quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the announcement below:
Earnings: Harris beats on earnings. The Zacks Consensus Estimate called for EPS of $1.62, and the company reported adjusted EPS from continuing operations of $1.67.
Revenue: Revenues beats estimates. Harris posted revenues of $1,568 million, higher than the Zacks Consensus Estimate of $1,548 million.
Key Stats to Note: Harris expects that continued investment in innovation, strong customer positions and a well-funded budget will enable it to accelerate top-line growth while maintaining best-in-class margins.
Stock Price: Harris’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back for our full write up on this IP earnings report later!
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Harris Corporation (HRS) Tops Q3 Earnings on Higher Revenues
Harris Corporation reported healthy third-quarter fiscal 2018 financial results on the back of solid revenues and orders growth across all three segments.
In the last four trailing quarters, Harris has beaten earnings estimates thrice for an average positive surprise of 6.7%. As the extent of competition is increasing over time, investors have been eagerly waiting for the company’s latest earnings report.
Currently, Harris has a Zacks Rank #4 (Sell), but that could change following third-quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the announcement below:
Earnings: Harris beats on earnings. The Zacks Consensus Estimate called for EPS of $1.62, and the company reported adjusted EPS from continuing operations of $1.67.
Harris Corporation Price and EPS Surprise
Harris Corporation Price and EPS Surprise | Harris Corporation Quote
Revenue: Revenues beats estimates. Harris posted revenues of $1,568 million, higher than the Zacks Consensus Estimate of $1,548 million.
Key Stats to Note: Harris expects that continued investment in innovation, strong customer positions and a well-funded budget will enable it to accelerate top-line growth while maintaining best-in-class margins.
Stock Price: Harris’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back for our full write up on this IP earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>