Despite lower earnings than a year ago, L3Harris Technologies (NYSE:LHX) investors are up 33% since then

Simply Wall St.11-21 22:00

On average, over time, stock markets tend to rise higher. This makes investing attractive. But if you choose that path, you're going to buy some stocks that fall short of the market. For example, the ...

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This makes investing attractive. But if you choose that path, you're going to buy some stocks that fall short of the market. For example, the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/despite-lower-earnings-ago-l3harris-140036638.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NYSE","symbol_name":"纽交所","start_time":0,"source_url":"https://finance.yahoo.com/news/despite-lower-earnings-ago-l3harris-140036638.html","article_id":"2485492651","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/IyMkmLaJHOnNINjqghKGMQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/4a39ac79965dbdc4c586d12ea5141f62"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485492651","pubTimestamp":1732197636,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"On average, over time, stock markets tend to rise higher. This makes investing attractive. But if you choose that path, you're going to buy some stocks that fall short of the market. For example, the L3Harris Technologies, Inc. , share price is up over the last year, but its gain of 30% trails the market return. The longer term returns have not been as good, with the stock price only 12% higher than it was three years ago.While the stock has fallen 6.6% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share  with the share price movement.Over the last twelve months, L3Harris Technologies actually shrank its EPS by 18%.Given the sha","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NYSE":"纽交所","LHX":"哈里斯公司"},"translate_title":"尽管盈利低于一年前，L3Harris Technologies(NYSE：LHX)的投资者自那时以来仍上涨了33%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LHX":1,"NYSE":1},"content_text":"On average, over time, stock markets tend to rise higher. This makes investing attractive. But if you choose that path, you're going to buy some stocks that fall short of the market. For example, the L3Harris Technologies, Inc. (NYSE:LHX), share price is up over the last year, but its gain of 30% trails the market return. The longer term returns have not been as good, with the stock price only 12% higher than it was three years ago. \n While the stock has fallen 6.6% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals. \n View our latest analysis for L3Harris Technologies \n While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. \n Over the last twelve months, L3Harris Technologies actually shrank its EPS by 18%. \n Given the share price gain, we doubt the market is measuring progress with EPS. Therefore, it seems likely that investors are putting more weight on metrics other than EPS, at the moment. \n We are skeptical of the suggestion that the 1.9% dividend yield would entice buyers to the stock. However the year on year revenue growth of 13% would help. We do see some companies suppress earnings in order to accelerate revenue growth. \n The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail). \n\n\n\n  NYSE:LHX Earnings and Revenue Growth November 21st 2024\n \n\n We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. You can see what analysts are predicting for L3Harris Technologies in this interactive graph of future profit estimates. \nWhat About Dividends?\n When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of L3Harris Technologies, it has a TSR of 33% for the last 1 year. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! \nA Different Perspective\n L3Harris Technologies provided a TSR of 33% over the year (including dividends). That's fairly close to the broader market return. That gain looks pretty satisfying, and it is even better than the five-year TSR of 6% per year. Even if the share price growth slows down from here, there's a good chance that this is business worth watching in the long term. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified   3 warning signs for L3Harris Technologies (1 doesn't sit too well with us)  that you should be aware of. \n L3Harris Technologies is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying. \nPlease note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485492651"}