Harris Corporation , based in Melbourne, FL, leading supplier of communications equipment and services. The company has brought about a transformation pertaining to communications and information technology.
The company has a healthy track record with respect to earnings. The company has delivered positive earnings surprises in each of the last four quarters, with an average beat of 3.16%.
Zacks Rank: Currently, Harris Corporation has a Zacks Rank # 4 (Sell) but that could change following the company’s earnings report which was 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 stats from this just-revealed announcement below:
Earnings: Harris Corporation’s adjusted earnings of $1.49 per share in the fourth quarter of fiscal 2017 were in line with the Zacks Consensus Estimate. Earnings improved 2.76% on a year over year basis.
Revenue: Revenues in the fourth quarter came in at $1,542 million beating the Zacks Consensus Estimate of $1,510.9 million. Revenues however declined 19.01% year over year.
Key Stats: The company expects earnings per share (on an adjusted basis) in fiscal 2018 in the band of $5.85 to $6.05 per share. The Zacks Consensus Estimate for fiscal 2018 currently stands at $5.53 per share. The company expects fiscal 2018 revenues in the range of $6.02 - 6.14 billion, up 2-4% year-over-year. The Zacks Consensus Estimate currently stands at $5.84 billion for fiscal 2018.The company expects free cash flow for fiscal 2018 in the band of $850 - 900 million.
Check back later for our full write up on this Harris Corporation earnings report later!
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Harris Corporation (HRS) Q4 Earnings in Line
Harris Corporation , based in Melbourne, FL, leading supplier of communications equipment and services. The company has brought about a transformation pertaining to communications and information technology.
The company has a healthy track record with respect to earnings. The company has delivered positive earnings surprises in each of the last four quarters, with an average beat of 3.16%.
Zacks Rank: Currently, Harris Corporation has a Zacks Rank # 4 (Sell) but that could change following the company’s earnings report which was 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 stats from this just-revealed announcement below:
Earnings: Harris Corporation’s adjusted earnings of $1.49 per share in the fourth quarter of fiscal 2017 were in line with the Zacks Consensus Estimate. Earnings improved 2.76% on a year over year basis.
Revenue: Revenues in the fourth quarter came in at $1,542 million beating the Zacks Consensus Estimate of $1,510.9 million. Revenues however declined 19.01% year over year.
Harris Corporation Price and EPS Surprise
Harris Corporation Price and EPS Surprise | Harris Corporation Quote
Key Stats: The company expects earnings per share (on an adjusted basis) in fiscal 2018 in the band of $5.85 to $6.05 per share. The Zacks Consensus Estimate for fiscal 2018 currently stands at $5.53 per share. The company expects fiscal 2018 revenues in the range of $6.02 - 6.14 billion, up 2-4% year-over-year. The Zacks Consensus Estimate currently stands at $5.84 billion for fiscal 2018.The company expects free cash flow for fiscal 2018 in the band of $850 - 900 million.
Check back later for our full write up on this Harris Corporation earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>