Public safety technology company Motorola Solutions (NYSE:MSI) will be reporting results this Wednesday afternoon. Here’s what you need to know.
Motorola Solutions beat analysts’ revenue expectations last quarter, reporting revenues of $3.13 billion, up 13.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
Is Motorola Solutions a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Motorola Solutions’s revenue to grow 8.9% year on year, improving from the 7.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Motorola Solutions has a history of exceeding Wall Street’s expectations.
Looking at Motorola Solutions’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. MSA Safety delivered year-on-year revenue growth of 14.5%, beating analysts’ expectations by 0.7%, and UniFirst reported revenues up 5%, topping estimates by 1.7%. UniFirst traded up 4.6% following the results.
Read our full analysis of MSA Safety’s results here and UniFirst’s results here.
Investors in the business services & supplies segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Motorola Solutions is up 7.3% during the same time and is heading into earnings with an average analyst price target of $526.91 (compared to the current share price of $488.68).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.