Harris
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Harris's revenues will contract -8.7% and EPS will shrink -19.0%.
The average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $1.15.
Revenue details
Last quarter, Harris reported revenue of $1.20 billion. GAAP reported sales were 12% lower than the prior-year quarter's $1.37 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $1.12. GAAP EPS were $0.85 for Q3 against -$3.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 33.2%, 250 basis points worse than the prior-year quarter. Operating margin was 16.4%, 240 basis points worse than the prior-year quarter. Net margin was 7.9%, much better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $5.07 billion. The average EPS estimate is $4.66.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 609 members out of 629 rating the stock outperform, and 20 members rating it underperform. Among 175 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 170 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 $50.33.
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