It's Showtime for L-3 Communications Holdings
L-3 Communications Holdings (NYS: LLL) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict L-3 Communications Holdings's revenues will shrink -14.2% and EPS will drop -16.5%.
The average estimate for revenue is $3.25 billion. On the bottom line, the average EPS estimate is $1.87.
Last quarter, L-3 Communications Holdings booked revenue of $3.14 billion. GAAP reported sales were 5.5% lower than the prior-year quarter's $3.77 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.92. GAAP EPS of $2.08 for Q2 were 8.0% lower than the prior-year quarter's $2.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 10.5%, 20 basis points worse than the prior-year quarter. Operating margin was 10.5%, 20 basis points worse than the prior-year quarter. Net margin was 5.8%, 70 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $13.05 billion. The average EPS estimate is $7.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 897 members out of 933 rating the stock outperform, and 36 members rating it underperform. Among 224 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 215 give L-3 Communications Holdings a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on L-3 Communications Holdings is hold, with an average price target of $76.58.
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The article It's Showtime for L-3 Communications Holdings originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of L-3 Communications Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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