
Please try another search
L3 Technologies, Inc. (NYSE:LLL) is a leading supplier of a broad range of products and services used in a number of aerospace and defense platforms. The company is focused on consolidating its operations through acquisitions to improve its competitiveness. A robust financial position allows the company to continue with its acquisitions and create shareholder value at the same time.
However, the company has been witnessing weak performance in some of its product lines. The most worrying aspect of this is the downward trend in margins for service-related work due to competitive pressure.
Coming to the earnings surprises history, L3 Technologies has reported positive earnings surprises in the last four quarters with an average beat of 9.13%.
Zacks Rank
Currently, L3 Technologies has a Zacks Rank #3 (Hold), but that could change following L3 Technologies’ third quarter 2017 earnings report which was just released.
You can see the complete list of today’s Zacks #1 Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
Our consensus called for fourth quarter EPS of $2.30, and the company reported adjusted EPS from continuing operations of $2.35.
Revenue Beat
The company posted revenues of $2.57 billion in fourth quarter, compared to our consensus estimate of $2.55 billion.
Key Developments to Note
The company reported 10.2% year over year decline in its funded orders in the fourth quarter to $2.7 billion. Funded backlog grew 6% to $8.9 billion at the end of 2017.
The company raised its 2018 earnings guidance. The company currently expects to generate earnings in the range of $9.30−$9.50 per share (versus its prior guided range of $8.60−$8.85 per share). However top line guidance remained same at the range of $9,850 −$10,500 million for 2018.
Stock Price: Following the earnings release, there was no significant change in L3 Technologies’ share price in the pre-market trading session.
Check back later for our full write up on this L3 Technologies earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Palantir remains highly valued with a 460x P/E ratio and a 42.5x P/B ratio, far above its peers. The stock's beta of 2.81 signals high volatility, meaning sharp moves in both...
The S&P 500 had started to clear resistance, posting new all-time highs before sellers struck with a vengeance. The selling was bad, similar to that seen in December, which...
Myself and others have highlighted how European Equities have been breaking out to new all-time highs on the back of bullish factors such as cheap valuations, monetary tailwinds,...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.