Analysts on Wall Street project that Motorola (MSI) will announce quarterly earnings of $3.85 per share in its forthcoming report, representing an increase of 2.9% year over year. Revenues are projected to reach $2.99 billion, increasing 7.2% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Motorola metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Software and Services' to come in at $1.15 billion. The estimate indicates a year-over-year change of +13.9%.
According to the collective judgment of analysts, 'Net Sales- Products and Systems Integration' should come in at $1.85 billion. The estimate suggests a change of +3.5% year over year.
Based on the collective assessment of analysts, 'Net sales from services' should arrive at $1.24 billion. The estimate indicates a change of +10.8% from the prior-year quarter.
The average prediction of analysts places 'Net sales from products' at $1.76 billion. The estimate suggests a change of +5.2% year over year.
Analysts forecast 'Backlog' to reach $15.26 billion. The estimate is in contrast to the year-ago figure of $14.10 billion.
Analysts' assessment points toward 'Non-GAAP Operating Earnings- Software and Services' reaching $322.45 million. Compared to the present estimate, the company reported $308.00 million in the same quarter last year.
It is projected by analysts that the 'Non-GAAP Operating Earnings- Products and Systems Integration' will reach $579.31 million. The estimate is in contrast to the year-ago figure of $522.00 million.
View all Key Company Metrics for Motorola here>>>
Motorola shares have witnessed a change of -2.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.6% move. With a Zacks Rank #2 (Buy), MSI is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Motorola Solutions, Inc. (MSI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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