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Johnson Controls' (JCI) Q4 Earnings in Line, Up Y/Y

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Johnson Controls International plc (JCI - Free Report) is a supplier of automotive interiors, batteries, and other control equipment. The company is focused on a comprehensive cost saving program along with improving productivity.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for earnings for fourth-quarter fiscal 2017 has remained unchanged over the past month. In third-quarter 2017, the company reported earnings of 87 cents per share, in line with the Zacks Consensus Estimate. Johnson Controls has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and recorded in-line results in the other two occasions, with an average beat of 5.14%.

Earnings

Johnson Controls delivered adjusted earnings per share of 87 cents in the fourth quarter of fiscal 2017, in line with the Zacks Consensus Estimate. Earnings per share rose 14% year over year from 76 cents recorded in the fourth quarter of fiscal 2016.

Revenues

Johnson Controls reported revenues of $8.14 billion, almost in line with the Zacks Consensus Estimate. Revenues were up 4% year over year.

Key Stats/Developments to Note

Johnson Controls provided guidance for fiscal 2018. Fiscal 2018 adjusted EPS before special items is projected to be in the range of $2.75 to $2.85, an increase of 6–10% year-over-year.

Zacks Rank

Currently, Johnson Controls has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Johnson Controls’ earnings report!

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