Raytheon Company is the world’s largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Currently, Raytheon has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.
Raytheon delivered positive earnings surprise in the last four quarters with an average beat of 6.36%.
The key takeaways from this immediate announcement are highlighted below:
Earnings: Raytheon beat on earnings expectations in the first quarter of 2018. Our consensus called for EPS of $2.10, and the company reported earnings from continuing operations of $2.20 per share.
Revenue: The company also surpassed revenue expectations. Raytheon posted revenues of $6,267 million, compared to our consensus estimate of $6,173 million.
Key Stats to Note: Bookings rose 11% year over year during the quarter to $6.3 billion. Backlog at the end of first-quarter was $38.1 billion, almost in line with $38.2 billion at 2017-end.
Stock Price: In the pre-market trading session, Raytheon’s shares gained 2.2% thereby reflecting investors’ optimism for its first-quarter results.
Check back later for our full write up on this Raytheon 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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Raytheon Company is the world’s largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Currently, Raytheon has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.
Raytheon delivered positive earnings surprise in the last four quarters with an average beat of 6.36%.
The key takeaways from this immediate announcement are highlighted below:
Earnings: Raytheon beat on earnings expectations in the first quarter of 2018. Our consensus called for EPS of $2.10, and the company reported earnings from continuing operations of $2.20 per share.
Revenue: The company also surpassed revenue expectations. Raytheon posted revenues of $6,267 million, compared to our consensus estimate of $6,173 million.
Key Stats to Note: Bookings rose 11% year over year during the quarter to $6.3 billion. Backlog at the end of first-quarter was $38.1 billion, almost in line with $38.2 billion at 2017-end.
Stock Price: In the pre-market trading session, Raytheon’s shares gained 2.2% thereby reflecting investors’ optimism for its first-quarter results.
Check back later for our full write up on this Raytheon earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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 >>