Textron Inc. (TXT Quick QuoteTXT - Free Report) , the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.

However, global political uncertainties and intensifying competition causes of concern.

Earnings Surprises

Textron has reported positive results in the recent past. The company reported positive earnings surprises in three of the last four quarters with an average positive surprise of 2.78%.

Zacks Rank

Currently, Textron has a Zacks Rank #3 (Hold), but that could definitely change following Textron’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings Miss: Our consensus called for third quarter EPS of 66 cents, and the company reported EPS of 61 cents.

Revenue Miss: Textron posted revenues of $3,251 million in third quarter, compared to our consensus estimate of $3,407 million.

Key Developments to Note

Textron raised its earnings guidance to $2.65 − $2.85 per share from $2.60 − $2.80.

Check back later for our full write up on this Textron earnings report later!

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>