(HRS) - exceeded analyst expectations for the past five straight quarters

Harris Corp. (HRS) has exceeded analyst expectations for the past five straight quarters by an average margin of 8.1%. In early May, the company reported fiscal third-quarter non-GAAP earnings of 58 cents per share, which was about 7% ahead of the consensus estimate and outpaced the year-prior result. Revenue reached $881 million, a year-over-year increase of 14%. Results for the fourth quarter will be announced on July 26, 2006. Full Analysis Harris Corp. is an international communications and information technology company serving government and commercial markets in more than 150 countries. The company operates in four segments: government communications systems, RF communications, microwave communications, and broadcast communications. HRS has exceeded analyst expectations for the past five straight quarters by an average margin of 8.1%. Earnings per share have grown 33% over the past five years and are forecasted to grow 14% over the next 3-5 years. On May 1, 2006, the company released fiscal third-quarter financial results. Non-GAAP earnings per share totaled 58 cents, which was about 7% ahead of the consensus estimate and outpaced the year-prior result. Revenue reached $881 million, a year-over-year increase of 14%. The company mentioned that new orders were extremely strong in the quarter, setting the stage for continued revenue growth going forward. Results for the fourth quarter will be announced on July 26, 2006. Harris raised its non-GAAP earnings guidance for its fiscal year from a previous range of $2.05 to $2.15 per share to a new outlook of $2.13 to $2.18. The company's forecast is inline Wall Street estimates. Current analysts' projections of $2.17 per share are four cents above the level of three months ago. On April 28, 2006, Harris declared a quarterly dividend of eight cents per share. The company's current dividend yield stands at 0.8%, while its five-year average dividend yield is 0.81%. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home