L-3 Communications Holdings Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component L-3 Communications Holdings, Inc. (NYSE:LLL) will unveil its latest earnings on Thursday, October 27, 2011. L-3 Communications is a system contractor in aircraft modernization and maintenance, serving customers in commercial telecommunications and government.

L-3 Communications Holdings, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $2.15 per share, a rise of 3.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.16. Between one and three months ago, the average estimate moved down. It has been unchanged at $2.15 during the last month. Analysts are projecting profit to rise by 4.4% versus last year to $8.71.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of $2.15 per share against a mean estimate of profit of $2.11 per share.

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Wall St. Revenue Expectations: On average, analysts predict $3.85 billion in revenue this quarter, a rise of 0.3% from the year ago quarter. Analysts are forecasting total revenue of $15.49 billion for the year, a decline of 1.2% from last year’s revenue of $15.68 billion.

Analyst Ratings: Analysts seem relatively indifferent about L-3 Communications Holdings with 13 of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 6.6% to $243 million ($2.26 a share) from $228 million ($1.95 a share) the year earlier, exceeding analyst expectations. Revenue fell 5% to $3.77 billion from $3.97 billion.

Key Stats:

The increase in profit in the second quarter came after net income fell in the previous quarter. In the first quarter, net income fell 7.7%.

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 0.6%.

Competitors to Watch: Northrop Grumman Corp. (NYSE:NOC), FLIR Systems, Inc. (NASDAQ:FLIR), Cubic Corporation (NYSE:CUB), The Boeing Company (NYSE:BA), Rockwell Collins, Inc. (NYSE:COL), ITT Corporation (NYSE:ITT), Herley Industries, Inc. (NASDAQ:HRLY), Innovative Solutions & Support Inc (NASDAQ:ISSC), Implant Sciences Corp. (IMSC), and Irvine Sensors Corporation (IRSN).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $10.22 (17%) from $60.15 to $70.37. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight-straight days, rising 7.3% (+$5.38) over that span. It saw one of its worst periods between July 1, 2011 and July 18, 2011 when shares fell for 11-straight days, falling 8.3% (-$7.26) over that span. Shares are up $1.11 (+1.6%) year to date.

(Source: Xignite Financials)

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