L3Harris Technologies LHX is set to give its latest quarterly earnings report on Monday, 2022-01-31. Here's what investors need to know before the announcement.
Analysts estimate that L3Harris Technologies will likely report an Earnings Per Share (EPS) of $2.87.
L3Harris Technologies bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat EPS by $0.48, which was followed by a 0.0% drop in the share price the next day.
Here's a look at L3Harris Technologies's past performance and the resulting price change:
|Quarter||Q3 2021||Q2 2021||Q1 2021||Q4 2020|
|Price Change %||2.91%||-0.85%||0.0%||-2.92%|
Shares of L3Harris Technologies were trading at $216.27 as of January 27. Over the last 52-week period, shares are up 23.48%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
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