L3Harris Technologies Earnings Estimate

LHX
 Stock
  

USD 239.60  8.64  3.74%   

Many public companies, such as L3Harris Technologies, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing L3Harris Technologies' earnings estimates, investors can diagnose different trends across L3Harris Technologies' analyst sentiment over time as well as compare current estimates against different timeframes.
L3Harris Technologies is projected to generate 12.92 in earnings per share on the 31st of December 2021. L3Harris Technologies earnings estimates module stress-tests analyst consensus about projected L3Harris Technologies EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Additionally, see Stocks Correlation.
  
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Gross Profit is likely to drop to about 4.3 B in 2022. Profit Margin is likely to drop to 0.10 in 2022

L3Harris Technologies Earnings Estimation Breakdown

Calculation of earning per share of L3Harris Technologies is based on official Zacks consensus of 6 analysts regarding L3Harris Technologies future annual earnings. Given the historical accuracy of 94.21%, the future earnings per share of L3Harris Technologies is estimated to be 12.92 with the lowest and highest values of 12.84 and 13.1, respectively. Please note that this consensus of annual earnings estimates for L3Harris Technologies is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 9.28
12.84
Lowest
Expected EPS 12.92
13.10
Highest

L3Harris Technologies Earnings Projection Consensus

Suppose the current estimates of L3Harris Technologies' value are higher than the current market price of the L3Harris Technologies stock. In this case, investors may conclude that L3Harris Technologies is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and L3Harris Technologies' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

6

94.21%

9.28

12.92

L3Harris Technologies Earnings History

Earnings estimate consensus by L3Harris Technologies analysts from Wall Street is used by the market to judge L3Harris Technologies' stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only L3Harris Technologies' upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

L3Harris Technologies Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

836 Million

L3Harris Technologies Earning Before Interest and Taxes EBIT is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Earning Before Interest and Taxes EBIT of 2.55 Billion in 2021. Price to Earnings Ratio is likely to rise to 29.65 in 2022, whereas Accumulated Retained Earnings Deficit are likely to drop slightly above 2.5 B in 2022. Weighted Average Shares is likely to drop to about 179.9 M in 2022. Weighted Average Shares Diluted is likely to drop to about 108.4 M in 2022.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of L3Harris Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of L3Harris Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
238.06239.73241.40
Details
Intrinsic
Valuation
LowReal ValueHigh
215.64245.32246.99
Details
Naive
Forecast
LowNext ValueHigh
248.45250.12251.79
Details
12 Analysts
Consensus
LowTarget PriceHigh
225.00250.78270.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as L3Harris Technologies. Your research has to be compared to or analyzed against L3Harris Technologies' peers to derive any actionable benefits. When done correctly, L3Harris Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in L3Harris Technologies.
Note that many institutional investors and large investment bankers can move markets due to the volume of L3Harris assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards L3Harris Technologies. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving L3Harris stock price in the short term.

L3Harris Technologies Earnings per Share Projection vs Actual

Actual Earning per Share of L3Harris Technologies refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering L3Harris Technologies predict the company's earnings will be in the future. The higher the earnings per share of L3Harris Technologies, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

L3Harris Technologies Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as L3Harris Technologies, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of L3Harris Technologies should always be considered in relation to other companies to make a more educated investment decision.

L3Harris Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact L3Harris Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-04-28
2022-03-313.053.120.07
2022-01-31
2021-12-313.263.30.04
2021-10-29
2021-09-303.17993.210.0301
2021-08-03
2021-06-303.17553.260.0845
2021-04-30
2021-03-312.94453.180.2355
2021-01-29
2020-12-313.09593.140.0441
2020-10-30
2020-09-302.74072.840.0993
2020-07-31
2020-06-302.57852.830.2515
2020-05-05
2020-03-312.592.80.21
2020-02-04
2019-12-312.78642.850.0636
2019-10-30
2019-09-302.38962.580.1904
2019-07-31
2019-06-302.262.420.16
2019-05-01
2019-03-312.032.110.08
2019-01-29
2018-12-311.91851.960.0415
2018-10-14
2018-09-301.71311.780.0669
2018-07-31
2018-06-301.76051.780.0195
2018-05-02
2018-03-311.63121.670.0388
2018-01-30
2017-12-311.38881.460.0712
2017-10-31
2017-09-301.34521.380.0348
2017-08-01
2017-06-301.48551.490.0045
2017-05-03
2017-03-311.3061.380.074
2017-02-02
2016-12-311.37841.420.0416
2016-11-01
2016-09-301.33681.390.0532
2016-08-02
2016-06-301.43011.450.0199
2016-05-03
2016-03-311.3941.450.056
2016-02-02
2015-12-311.36111.490.1289
2015-11-03
2015-09-301.311.310
2015-08-07
2015-06-301.211.320.11
2015-05-05
2015-03-311.251.320.07
2015-02-06
2014-12-311.181.320.1411 
2014-10-28
2014-09-301.091.180.09
2014-07-29
2014-06-301.281.280
2014-04-29
2014-03-311.191.270.08
2014-01-28
2013-12-311.181.270.09
2013-10-29
2013-09-301.131.180.05
2013-07-30
2013-06-301.151.410.2622 
2013-04-30
2013-03-311.121.120
2013-01-29
2012-12-311.21.250.05
2012-10-29
2012-09-301.121.140.02
2012-07-31
2012-06-301.411.420.01
2012-05-01
2012-03-311.331.390.06
2012-01-31
2011-12-311.191.220.03
2011-10-26
2011-09-301.051.060.01
2011-08-02
2011-06-301.241.240
2011-05-02
2011-03-311.151.160.01
2011-01-26
2010-12-311.111.20.09
2010-10-25
2010-09-301.241.280.04
2010-08-03
2010-06-301.231.240.01
2010-04-28
2010-03-311.251.30.05
2010-01-27
2009-12-310.951.080.1313 
2009-10-27
2009-09-300.760.830.07
2009-08-12
2009-06-300.810.910.112 
2009-04-24
2009-03-3111.020.02
2009-02-04
2008-12-311.021.050.03
2008-10-29
2008-09-300.880.890.01
2008-08-05
2008-06-300.980.95-0.03
2008-04-29
2008-03-310.730.810.0810 
2008-01-30
2007-12-310.810.870.06
2007-11-01
2007-09-300.740.760.02
2007-08-07
2007-06-300.690.710.02
2007-05-01
2007-03-310.70.720.02
2007-01-30
2006-12-310.650.680.03
2006-10-25
2006-09-300.650.690.04
2006-07-26
2006-06-300.60.650.05
2006-05-01
2006-03-310.550.580.03
2006-01-25
2005-12-310.490.520.03
2005-10-26
2005-09-300.410.470.0614 
2005-07-27
2005-06-300.420.440.02
2005-04-26
2005-03-310.380.40.02
2005-01-26
2004-12-310.330.380.0515 
2004-10-20
2004-09-300.250.290.0416 
2004-07-28
2004-06-300.270.280.01
2004-04-27
2004-03-310.250.270.02
2004-01-27
2003-12-310.250.250
2003-10-21
2003-09-300.180.20.0211 
2003-07-23
2003-06-300.190.20.01
2003-04-16
2003-03-310.160.170.01
2003-01-15
2002-12-310.130.170.0430 
2002-10-16
2002-09-300.150.150
2002-07-24
2002-06-300.20.20
2002-04-17
2002-03-310.170.170
2002-01-16
2001-12-310.140.150.01
2001-10-17
2001-09-300.130.130
2001-07-25
2001-06-300.180.190.01
2001-04-18
2001-03-310.120.120
2001-01-24
2000-12-310.150.150
2000-10-25
2000-09-300.080.080
2000-07-26
2000-06-300.160.180.0212 
2000-04-26
2000-03-310.130.150.0215 
2000-01-26
1999-12-310.080.090.0112 
1999-10-20
1999-09-300.060.060
1999-07-28
1999-06-300.280.02-0.2692 
1999-04-21
1999-03-310.250.260.01
1999-01-20
1998-12-310.310.330.02
1998-10-21
1998-09-300.260.270.01
1998-07-29
1998-06-300.440.450.01
1998-04-22
1998-03-310.370.380.01
1998-01-21
1997-12-310.330.330
1997-10-22
1997-09-300.270.280.01
1997-07-23
1997-06-300.420.430.01
1997-04-23
1997-03-310.320.350.03
1997-01-22
1996-12-310.290.290
1996-10-23
1996-09-300.240.250.01
1996-07-24
1996-06-300.380.390.01
1996-04-24
1996-03-310.280.280

About L3Harris Technologies Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of L3Harris Technologies earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current L3Harris Technologies estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as L3Harris Technologies fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit2.9 B2.5 B
Earning Before Interest and Taxes EBIT2.6 B2.8 B
Earnings per Basic Share 9.17  7.42 
Earnings per Diluted Share 9.09  7.34 
Price to Earnings Ratio 23.25  29.65 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA3.5 B3.8 B
Earnings before Tax2.3 B2.5 B
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. L3Harris Technologies operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 47000 people.

L3Harris Technologies Investors Sentiment

The influence of L3Harris Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in L3Harris. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to L3Harris Technologies' public news can be used to forecast risks associated with investment in L3Harris. The trend in average sentiment can be used to explain how an investor holding L3Harris can time the market purely based on public headlines and social activities around L3Harris Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
L3Harris Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for L3Harris Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average L3Harris Technologies' news discussions. The higher the estimate score, the more favorable is the investor's outlook on L3Harris Technologies.

L3Harris Technologies Implied Volatility

    
  28.56  
L3Harris Technologies' implied volatility exposes the market's sentiment of L3Harris Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if L3Harris Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that L3Harris Technologies stock will not fluctuate a lot when L3Harris Technologies' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards L3Harris Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, L3Harris Technologies' short interest history, or implied volatility extrapolated from L3Harris Technologies options trading.

Current Sentiment - LHX

L3Harris Technologies Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in L3Harris Technologies. What is your trading attitude regarding investing in L3Harris Technologies? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

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Additionally, see Stocks Correlation. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running L3Harris Technologies price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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Is L3Harris Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.