Motorola Solutions Inc reports results for the quarter ended in June - Earnings Summary

Motorola Solutions

01/08/2024 22:41

* Motorola Solutions Inc  MSI.N  reported quarterly adjusted
earnings of $3.24​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $2.65.  The mean expectation of ten analysts for
the quarter was for earnings of $3.01 per share. Wall Street
expected results to range from $2.98  to $3.06 per share.
    * Revenue rose 9.4% to $2.63 billion from a year ago;
analysts
expected $2.59 billion. 
    * Motorola Solutions Inc's reported EPS for the quarter was
$2.60​.
    * The company reported quarterly net income of $443 million.
    * Motorola Solutions Inc shares had risen by 3.3% this
quarter and
gained 27.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Motorola
Solutions Inc is $378.92 
This summary was machine generated from LSEG data August 1 at
09:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      3.01           3.24           Beat
 Mar. 31 2024      2.53           2.81           Beat
 Dec. 31 2023      3.63           3.90           Beat
 Sep. 30 2023      3.02           3.19           Beat