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Raytheon Technologies (RTX) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Raytheon Technologies (RTX - Free Report) closed at $84.10, marking a -0.78% move from the previous day. This change lagged the S&P 500's 0.03% gain on the day.
Coming into today, shares of the an aerospace and defense company had lost 3.65% in the past month. In that same time, the Aerospace sector lost 1.5%, while the S&P 500 gained 3.02%.
RTX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.08, up 86.21% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.48 billion, up 11.76% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.03 per share and revenue of $65.35 billion. These totals would mark changes of +47.62% and +3.02%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for RTX. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. RTX is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, RTX is holding a Forward P/E ratio of 21.06. This represents a discount compared to its industry's average Forward P/E of 23.1.
We can also see that RTX currently has a PEG ratio of 1.6. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 3.54 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Raytheon Technologies (RTX) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Raytheon Technologies (RTX - Free Report) closed at $84.10, marking a -0.78% move from the previous day. This change lagged the S&P 500's 0.03% gain on the day.
Coming into today, shares of the an aerospace and defense company had lost 3.65% in the past month. In that same time, the Aerospace sector lost 1.5%, while the S&P 500 gained 3.02%.
RTX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.08, up 86.21% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.48 billion, up 11.76% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.03 per share and revenue of $65.35 billion. These totals would mark changes of +47.62% and +3.02%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for RTX. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. RTX is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, RTX is holding a Forward P/E ratio of 21.06. This represents a discount compared to its industry's average Forward P/E of 23.1.
We can also see that RTX currently has a PEG ratio of 1.6. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 3.54 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.