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L-3 Communications 2Q Earnings Pregame Scorecard

Having beaten analysts' expectations in each of the last five quarters, L-3 Communications (LLL) will announce on Thursday whether the streak is alive or snapped.


Analysts currently expect L-3 Communications to come in with earnings of $2.03 per share on revenues of $3.2 billion. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $2.08.

Stock Movement

The stock fell $3.42 per share between May 10, 2012 and May 18, 2012.

Company Fundamental Trends

In terms of revenue, the company hopes that this earnings announcement will help it rebound from streak of four straight quarters of decreases. Revenue fell 5% over the second quarter of the last fiscal year, 1.3% in third quarter of the last fiscal year and 5.6% in the fourth quarter of the last fiscal year and continued to drop first quarter. Net income has improved by a year-over-year average of 1.5% over the previous four quarters, and the company heads into its upcoming earnings announcement with solid profits of late. Stock Ratings

Analysts think investors should stand pat on L-3 Communications with 10 of 13 analysts rating it hold.

Last Quarter's Results

In the first quarter, profit fell 1.5% to $201 million ($2.01 a share) from $204 million ($1.85 a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.4% to $3.59 billion from $3.6 billion.


Reporting Period: 2Q

Date of Release: Thursday, July 26, 2012 before market open

EPS: $2.03

Revenue Estimate: $3.2 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)