L3Harris (LHX) reported $5.74 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 11.9%. EPS of $2.72 for the same period compares to $2.41 a year ago.
The reported revenue represents a surprise of +5.89% over the Zacks Consensus Estimate of $5.42 billion. With the consensus EPS estimate being $2.53, the EPS surprise was +7.53%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how L3Harris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Space & Mission Systems (SMS): $2.99 billion versus the four-analyst average estimate of $2.6 billion. Revenue- Missile Solutions (MSL): $990 million versus $984.65 million estimated by four analysts on average. Revenue- Communication & Spectrum Dominance (CSD): $1.86 billion compared to the $1.9 billion average estimate based on four analysts. Operating Income - Space & Mission Systems (SMS): $313 million compared to the $270.37 million average estimate based on four analysts. Operating Income - Communication & Spectrum Dominance (CSD): $465 million compared to the $470.05 million average estimate based on four analysts. Operating Income - Missile Solutions (MSL): $124 million versus the four-analyst average estimate of $120.71 million. Operating Income - Corporate: $-250 million versus the two-analyst average estimate of $-259.5 million.View all Key Company Metrics for L3Harris here>>>
Shares of L3Harris have returned -9.2% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Radical New Technology Could Hand Investors Huge Gains
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L3Harris Technologies Inc (LHX): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).