Motorola Solutions Earnings Preview: North American Sales To Drive Results

When the company comes out with its Q1 earnings, we expect overall sales to decline in the low-single digits y-o-y driven by better order conversion in the previous quarter and currency headwinds. In terms of costs, margins are likely to remain under pressure owing to deployment challenges in some ongoing projects. Our $65 price estimate for Motorola is in line with the current market price.