NEW YORK (TheStreet) -- Shares of Motorola Solutions (MSI) dipped in afternoon trading Monday ahead of the company's scheduled third-quarter earnings report Tuesday before the market open. Here's what analysts are expecting from the telecommunications equipment provider.
The consensus estimate calls for Motorola to report earnings of 41 cents a share on revenue of $1.39 billion. In the third quarter last year, Motorola posted earnings of $1.32 a share, which handily beat analysts' expectations of $1.02 a share. Revenue totaled $2.11 billion, which came up just short of the consensus estimate of $2.12 billion.
In the second quarter of 2014, Motorola reported earnings of 47 cents a share, which came up short of analysts' estimate of 63 cents a share. Revenue totaled $1.39 billion, which came up well short of the consensus estimate of $1.96 billion.
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Separately, TheStreet Ratings team rates MOTOROLA SOLUTIONS INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MOTOROLA SOLUTIONS INC (MSI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."