Public safety technology company Motorola Solutions (NYSE:MSI) will be reporting earnings this Thursday after market close. Here’s what investors should know.
Motorola Solutions beat analysts’ revenue expectations last quarter, reporting revenues of $3.38 billion, up 12.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue 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 6.7% year on year, in line with the 5.8% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to 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 Q1 results, giving us a hint as to what we can expect. MSA Safety delivered year-on-year revenue growth of 10%, beating analysts’ expectations by 2.7%, and CECO Environmental reported revenues up 16.5%, topping estimates by 4.1%. MSA Safety traded up 2.2% following the results while CECO Environmental was also up 11.6%.
Read our full analysis of MSA Safety’s results here and CECO Environmental’s results here.
There has been positive sentiment among investors in the business services & supplies segment, with share prices up 11% on average over the last month. Motorola Solutions’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $505.45 (compared to the current share price of $438.82).
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