United Technologies Corporation provides high-end technology products and services to the building systems and aerospace industries worldwide. It has a diversified business mix and wide geographical presence to mitigate operating risk. The business mix and diversification allows the company to remain profitable even during tough economic times, delivering consistent earnings and dividend growth.
The company is susceptible to high operating risks following the Brexit referendum, as it has a huge operating exposure in the U.K. Fluctuations in foreign currency exchange rates and macroeconomic turbulences also affect the stability of the company’s cash flows. This limits the visibility regarding the company’s future performance. With the extent of competition increasing over time, investors have been eagerly awaiting the company’s latest earnings report.
UTX has an outstanding earnings track record, and has delivered an average positive earnings surprise of 5.2% in the last four trailing quarters, beating estimates thrice.
Currently, UTX has a Zacks Rank #3 (Hold), but that could change following its first-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: UTX beats on earnings. The Zacks Consensus Estimate called for EPS of $1.39, while the company reported adjusted EPS of $1.48.
Revenue: Revenues beat. UTX posted net sales of $13,815 million, which was higher than the Zacks Consensus Estimate of $13,316 million.
Key Stats to Note: UTX reiterated its 2017 earnings guidance. Adjusted EPS is expected in the range $6.30−$6.60, on sales of $57.5 to $59 billion. Free cash flow is expected in the range 90% −100%. During the year the company expects to repurchase shares worth $3.5 billion.
Stock Price: UTX’s shares were flat in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back our full write up on this UTX earnings report later!
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United Technologies (UTX) Beats Q1 Earnings and Revenues
United Technologies Corporation provides high-end technology products and services to the building systems and aerospace industries worldwide. It has a diversified business mix and wide geographical presence to mitigate operating risk. The business mix and diversification allows the company to remain profitable even during tough economic times, delivering consistent earnings and dividend growth.
The company is susceptible to high operating risks following the Brexit referendum, as it has a huge operating exposure in the U.K. Fluctuations in foreign currency exchange rates and macroeconomic turbulences also affect the stability of the company’s cash flows. This limits the visibility regarding the company’s future performance. With the extent of competition increasing over time, investors have been eagerly awaiting the company’s latest earnings report.
UTX has an outstanding earnings track record, and has delivered an average positive earnings surprise of 5.2% in the last four trailing quarters, beating estimates thrice.
Currently, UTX has a Zacks Rank #3 (Hold), but that could change following its first-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: UTX beats on earnings. The Zacks Consensus Estimate called for EPS of $1.39, while the company reported adjusted EPS of $1.48.
United Technologies Corporation Price and EPS Surprise
United Technologies Corporation Price and EPS Surprise | United Technologies Corporation Quote
Revenue: Revenues beat. UTX posted net sales of $13,815 million, which was higher than the Zacks Consensus Estimate of $13,316 million.
Key Stats to Note: UTX reiterated its 2017 earnings guidance. Adjusted EPS is expected in the range $6.30−$6.60, on sales of $57.5 to $59 billion. Free cash flow is expected in the range 90% −100%. During the year the company expects to repurchase shares worth $3.5 billion.
Stock Price: UTX’s shares were flat in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back our full write up on this UTX earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>