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Motorola Solutions (MSI)
NYSE:MSI
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.88Last Year’s EPS
$3.9Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -1.08%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a positive sentiment with strong financial performance, record orders, and significant growth in key areas. Despite challenges in video product revenue and the Airwave charge control impact, the company demonstrated resilience and strategic growth, leading to an optimistic outlook for the remainder of the year and into 2025.Company Guidance
In the third quarter of 2024, Motorola Solutions reported several key metrics that surpassed guidance, including a 9% increase in revenue, driven by 11% growth in Products and SI and 7% growth in Software and Services despite a reduction in the U.K. home office revenue. The company expanded operating margins for the ninth consecutive quarter and achieved a 17% increase in earnings per share (EPS). Notably, the quarter saw record operating cash flow exceeding $750 million and record Q3 orders across all three technology segments. For the full year, Motorola Solutions raised its outlook, now expecting revenue growth of 8.25%, non-GAAP EPS between $13.63 and $13.68, and operating cash flow of approximately $2.3 billion. The company's backlog ended at $14.1 billion, reflecting strong demand, particularly in multiyear software and service agreements. Looking ahead to 2025, Motorola anticipates revenue growth of 5% to 6%, with Software and Services expected to grow at twice the rate of Products and SI, supported by continued operating margin expansion.Record Q3 Revenue and Earnings
Achieved record Q3 revenue and EPS, with revenue up 9% and EPS increasing by 17%.
Strong Demand and Order Growth
Record Q3 orders in all three technologies: LMR, Video, and Command Center. Ending backlog was $14.1 billion, reflecting strong demand.
Operating Margin Expansion
Expanded operating margins year-over-year for the ninth consecutive quarter by 70 basis points, driven by higher sales and favorable mix.
Cash Flow Achievement
Generated record Q3 operating cash flow of over $750 million, increasing the full-year operating cash flow guidance to approximately $2.3 billion.
Federal Wins and Growth
Significant federal contracts including $191 million from the U.S. Navy and other large renewals, contributing to over $900 million in expected federal revenue for the year.
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MSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $468.86 | $503.43 | +7.37% |
| Aug 01, 2024 | $396.77 | $408.44 | +2.94% |
| May 02, 2024 | $333.84 | $351.18 | +5.19% |
| Feb 08, 2024 | $325.08 | $327.59 | +0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Motorola Solutions (MSI) report earnings?
Motorola Solutions (MSI) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Motorola Solutions (MSI) earnings time?
Motorola Solutions (MSI) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MSI EPS forecast?
MSI EPS forecast for the fiscal quarter 2024 (Q4) is $3.88.
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