LHX Earnings Prediction
The chart below shows how LHX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LHX sees a -2.18% change in stock price 10 days leading up to the earnings, and a -0.12% change 10 days following the report. On the earnings day itself, the stock moves by +0.49%. This data can give you a slight idea of what to expect for the next quarter's release.
LHX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.29B
7.67%
-0.13%
Gross Margin
26.81%
0.83%
4.44%
Operating Margin
11.15%
-3.55%
1.36%
Net Margin
7.63%
-1.80%
10.10%
EPS
2.10
4.48%
9.38%
No Data Available
LHX Earnings Analysis
L3Harris Technologies, Inc. Corporation (LHX.N) Earnings Conference Call
Positive
Record Order Volume Growth: Record order volume achieved this quarter, contributing to robust segment operating margins and solid free cash flow.
Cost Savings Achievement: Achieved a cost savings target of at least $600 million by the end of the year, exceeding the initial target of $400 million.
EPS Growth and Performance: Non-GAAP EPS grew by 5%, with an 8% increase on a per-share basis, reflecting strong operational performance.
Q3 Revenue Increase: Consolidated revenue increased by 8% in the third quarter, demonstrating strong demand across all segments.
Operating Margin Improvement: Operating margins improved to 15.7%, a 70 basis point increase driven by effective program execution and strong contributions from LHX Next.
Negative
Cost Savings Target Exceeded: We are on track to exceed our 2024 run rate cost savings target of $400 million, and now expect to achieve at least $600 million by the end of the year.
Cost Savings Confidence: We are also confident in our ability to reach our $1 billion cost savings target a year early, and our pipeline provides opportunity for additional cost savings, to exceed the $1 billion target.
Margin Decline Factors: SAS margins declined to 11.6%, largely due to a one-time license sale in the prior year, and the previously mentioned challenges on classified development programs in our space business.
Supply Chain Improvement: We have seen some early progress, and I think the opportunities are great. However, we won't go back to the norm. It's the new norm, and it's much better in supply chain than it ever was.
Real-Time Data Utilization: We are realizing the power of real-time data across all of our systems, ERP, manufacturing engineering, to name a few and even our products, for better decision making.
LHX FAQs
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LHX Earning Call Sentiment
L3Harris Technologies, Inc. (LHX) Q3 2024 Earnings Call Transcript
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LHX.N
1.66%Positive
The earnings call highlights strong financial performance with an 8% revenue increase and improved margins, alongside a robust book-to-bill ratio and increased guidance. The Q&A session reveals management's confidence in growth drivers and strategic partnerships, despite some lack of specifics. The share repurchase program and debt reduction are positive indicators. These factors suggest a positive stock price movement, although the lack of specific margin targets and Palantir details introduce some uncertainty.