Motorola Solutions (MSI) Tops Q4 EPS by 12c

Motorola Solutions (NYSE: MSI) reported Q4 EPS of $2.86, $0.12 better than the analyst estimate of $2.74. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.24 billion.

“Our fourth-quarter results, highlighted by record LMR orders in North America and continued strong growth in the Software and Services segment, reflect the criticality of our solutions and our team\'s unwavering execution throughout an unprecedented year,” said Greg Brown, chairman and CEO, Motorola Solutions. “This momentum, combined with our record ending backlog, positions us very well for strong growth in 2021.”

GUIDANCE:

Motorola Solutions sees Q1 2021 EPS of $1.58-$1.64, versus the consensus of $1.52.

Motorola Solutions sees FY2021 EPS of $8.50-$8.62, versus the consensus of $8.58.

• First-quarter 2021 - The company expects revenue growth of 5.5% to 6% compared with the first quarter of 2020. The company expects non-GAAP earnings per share in the range of $1.58 to $1.64 per share. This assumes current foreign exchange rates, approximately 174 million fully diluted shares, and an effective tax rate of approximately 19%.
• Full-year 2021 - The company expects revenue growth of 7.25% to 8% and non-GAAP earnings per share in the range of $8.50 to $8.62 per share. This assumes current foreign exchange rates, 174 million fully diluted shares and a non-GAAP effective tax rate of 22.5% to 23%.

For earnings history and earnings-related data on Motorola Solutions (MSI) click here.

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