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Rockwell Collins (COL) Beats on Q3 Earnings, Revises Outlook
Rockwell Collins Inc. is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities.
However, dependence on international sales, a highly competitive market and high exposure to fixed-price contracts raise concerns.
Estimate Trend & Surprise History
Rockwell Collins’ current quarter estimate moved northward over the last 7 days and presently the consensus estimate stands at $1.59.
Talking about the earnings surprise, COL came out with positive earnings surprise in three of the last four earnings reports marking an average positive surprise of 5.91%.
The company currently has a Zacks Rank #4 (Sell). Going further things could definitely change given the company’s recently released earnings results.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings Beat: Rockwell Collins reported third-quarter fiscal 2016 adjusted earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.59 per share.
Revenue Miss: The company failed to beat the revenue expectations. Rockwell Collins posted revenues of $1.33 billion for the third quarter, compared to our consensus estimate of $1.35 billion.
Key Stats to Note: The company narrowed its fiscal 2016 earnings outlook in the range of $5.50-$5.55 per share (versus $5.45-$5.65) on revenues of $5.3 billion (versus $5.3 billion-$5.4 billion earlier).
Check back later for our full write up on this Rockwell Collins earnings report later!
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