Textron Inc. (TXT - Free Report) is scheduled to report its third-quarter 2023 results on Oct 26 before market open.
Textron has a four-quarter earnings surprise of 12.99%, on average. Solid revenue performance across the majority of its business segments is likely to have contributed to the overall performance of the company in the third quarter of 2023.
Textron Aviation, a Key Contributor to Revenues
Solid demand for jets and turboprops, along with higher pricing, is likely to have benefited Textron Aviation’s revenue performance in the third quarter. The Zacks Consensus Estimate for this segment’s revenues in the third quarter is pegged at $1,378.7 million, indicating an improvement of 18.1% from revenues reported in the year-ago quarter.
Bell’s Performance May Remain Solid
The ramp-up of the FLRAA program and higher pricing are anticipated to bolster the Bell unit’s revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for the Bell segment’s revenues in the third quarter is pegged at $849.7 million, indicating growth of 12.7% from revenues reported in the year-ago quarter.
Textron Systems’ Revenues to Remain Robust
Higher volumes from all its programs must have added impetus to Textron Systems’ revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for Textron System’s revenues in the third quarter is pegged at $309.6 million, suggesting an increase of 6% reported in the year-ago quarter.
Industrial Unit to Show Strength
Higher volumes in Specialized Vehicles and Kautex are likely to have continued to lift this segment’s performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for Industrial’s third-quarter revenues is pegged at $889 million, indicating an improvement of 4.7% from the year-ago quarter.
Q3 Estimates
The expected robust revenue performance in the majority of its business segments must have boosted the overall top line in the third quarter. The Zacks Consensus Estimate for third-quarter revenues is pegged at $3.45 billion, suggesting a rise of 12.1% from the year-ago quarter.
A strong top line, along with the favorable impact of pricing, is likely to have boosted the company’s bottom line in the third quarter of 2023.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.27 per share. This calls for an improvement of 19.8% from the prior-year reported figure.
Backlog Projections Suggest Growth
The strong demand for its products can be gauged by its backlog strength. In this context, our model suggests Textron’s backlog to increase by 11.4% to $14.75 billion in the third quarter of 2023.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Textron Inc. (TXT - Free Report) is scheduled to report its third-quarter 2023 results on Oct 26 before market open.
Textron has a four-quarter earnings surprise of 12.99%, on average. Solid revenue performance across the majority of its business segments is likely to have contributed to the overall performance of the company in the third quarter of 2023.
Textron Aviation, a Key Contributor to Revenues
Solid demand for jets and turboprops, along with higher pricing, is likely to have benefited Textron Aviation’s revenue performance in the third quarter. The Zacks Consensus Estimate for this segment’s revenues in the third quarter is pegged at $1,378.7 million, indicating an improvement of 18.1% from revenues reported in the year-ago quarter.
Bell’s Performance May Remain Solid
The ramp-up of the FLRAA program and higher pricing are anticipated to bolster the Bell unit’s revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for the Bell segment’s revenues in the third quarter is pegged at $849.7 million, indicating growth of 12.7% from revenues reported in the year-ago quarter.
Textron Systems’ Revenues to Remain Robust
Higher volumes from all its programs must have added impetus to Textron Systems’ revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for Textron System’s revenues in the third quarter is pegged at $309.6 million, suggesting an increase of 6% reported in the year-ago quarter.
Industrial Unit to Show Strength
Higher volumes in Specialized Vehicles and Kautex are likely to have continued to lift this segment’s performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for Industrial’s third-quarter revenues is pegged at $889 million, indicating an improvement of 4.7% from the year-ago quarter.
Q3 Estimates
The expected robust revenue performance in the majority of its business segments must have boosted the overall top line in the third quarter. The Zacks Consensus Estimate for third-quarter revenues is pegged at $3.45 billion, suggesting a rise of 12.1% from the year-ago quarter.
A strong top line, along with the favorable impact of pricing, is likely to have boosted the company’s bottom line in the third quarter of 2023.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.27 per share. This calls for an improvement of 19.8% from the prior-year reported figure.
Backlog Projections Suggest Growth
The strong demand for its products can be gauged by its backlog strength. In this context, our model suggests Textron’s backlog to increase by 11.4% to $14.75 billion in the third quarter of 2023.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Get the latest research report on NOC - FREE
Get the latest research report on GD - FREE
Get the latest research report on TXT - FREE
Get the latest research report on LHX - FREE