Textron Inc. (TXT - 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 Surprise History
Textron has reported earnings surprise of 0.00% in the first quarter of 2017. The company reported negative earnings surprise in one of the last four quarters with an average negative surprise of 0.82%.
Zacks Rank
Currently, Textron has a Zacks Rank #2 (Buy), but that could definitely change following Textron’s second-quarter 2017 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 Beat: Our consensus called for second quarter EPS of 55 cents, and the company reported EPS of 60 cents.
Revenue Beat: Textron posted revenues of $3.60 billion in second quarter, compared to our consensus estimate of $3.59 billion.
Key Developments to Note
Textron reiterated its adjusted earnings guidance for 2017 in the range of $2.40 − $2.60 per share.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Check back later for our full write up on this Textron earnings report later!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Textron Inc. (TXT - 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 Surprise History
Textron has reported earnings surprise of 0.00% in the first quarter of 2017. The company reported negative earnings surprise in one of the last four quarters with an average negative surprise of 0.82%.
Zacks Rank
Currently, Textron has a Zacks Rank #2 (Buy), but that could definitely change following Textron’s second-quarter 2017 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 Beat: Our consensus called for second quarter EPS of 55 cents, and the company reported EPS of 60 cents.
Revenue Beat: Textron posted revenues of $3.60 billion in second quarter, compared to our consensus estimate of $3.59 billion.
Key Developments to Note
Textron reiterated its adjusted earnings guidance for 2017 in the range of $2.40 − $2.60 per share.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Check back later for our full write up on this Textron earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks 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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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