The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Harris's revenues will contract -18.2% and EPS will shrink -19.4%.
The average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $1.12.
Last quarter, Harris notched revenue of $1.29 billion. GAAP reported sales were 1.8% lower than the prior-year quarter's $1.31 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.25. GAAP EPS of $0.42 for Q2 were 64% lower than the prior-year quarter's $1.16 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.3%, 40 basis points worse than the prior-year quarter. Operating margin was 17.7%, 70 basis points worse than the prior-year quarter. Net margin was 3.8%, 640 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.07 billion. The average EPS estimate is $4.65.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 613 members out of 634 rating the stock outperform, and 21 members rating it underperform. Among 158 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 153 give Harris a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Harris is hold, with an average price target of $49.67.
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