Motorola Solutions Inc reports results for the quarter ended in September 30 - Earnings Summary
08/11/2024 04:46
* Motorola Solutions Inc MSI.N reported quarterly adjusted
earnings of $3.74 per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $3.19. The mean expectation of eleven analysts
for the quarter was for earnings of $3.38 per share. Wall Street
expected results to range from $3.34 to $3.49 per share.
* Revenue rose 9.2% to $2.79 billion from a year ago;
analysts
expected $2.76 billion.
* Motorola Solutions Inc's reported EPS for the quarter was
$3.29.
* The company reported quarterly net income of $562 million.
* Motorola Solutions Inc shares had risen by 4.3% this
quarter and
gained 49.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 0.4%
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 11 "strong buy" or "buy," 3
"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 467.00
This summary was machine generated from LSEG data November 8 at
04:46 a.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
Sep. 30 2024 3.38 3.74 Beat
Jun. 30 2024 3.01 3.24 Beat
Mar. 31 2024 2.53 2.81 Beat
Dec. 31 2023 3.63 3.90 Beat