We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Raytheon Technologies (RTX) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Raytheon Technologies (RTX - Free Report) closed at $96.92 in the latest trading session, marking a -1.61% move from the prior day. This change lagged the S&P 500's 1.3% loss on the day. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.41%.
Heading into today, shares of the an aerospace and defense company had gained 3.63% over the past month, lagging the Aerospace sector's gain of 3.92% and outpacing the S&P 500's loss of 5.33% in that time.
Wall Street will be looking for positivity from Raytheon Technologies as it approaches its next earnings report date. On that day, Raytheon Technologies is projected to report earnings of $1.03 per share, which would represent year-over-year growth of 14.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.09 billion, up 5.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.79 per share and revenue of $68.79 billion. These totals would mark changes of +12.18% and +6.84%, respectively, from last year.
Any recent changes to analyst estimates for Raytheon Technologies should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Raytheon Technologies is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that Raytheon Technologies has a Forward P/E ratio of 20.58 right now. Its industry sports an average Forward P/E of 22.78, so we one might conclude that Raytheon Technologies is trading at a discount comparatively.
Also, we should mention that RTX has a PEG ratio of 2.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 2.65 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RTX in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Raytheon Technologies (RTX) Dips More Than Broader Markets: What You Should Know
Raytheon Technologies (RTX - Free Report) closed at $96.92 in the latest trading session, marking a -1.61% move from the prior day. This change lagged the S&P 500's 1.3% loss on the day. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.41%.
Heading into today, shares of the an aerospace and defense company had gained 3.63% over the past month, lagging the Aerospace sector's gain of 3.92% and outpacing the S&P 500's loss of 5.33% in that time.
Wall Street will be looking for positivity from Raytheon Technologies as it approaches its next earnings report date. On that day, Raytheon Technologies is projected to report earnings of $1.03 per share, which would represent year-over-year growth of 14.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.09 billion, up 5.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.79 per share and revenue of $68.79 billion. These totals would mark changes of +12.18% and +6.84%, respectively, from last year.
Any recent changes to analyst estimates for Raytheon Technologies should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Raytheon Technologies is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that Raytheon Technologies has a Forward P/E ratio of 20.58 right now. Its industry sports an average Forward P/E of 22.78, so we one might conclude that Raytheon Technologies is trading at a discount comparatively.
Also, we should mention that RTX has a PEG ratio of 2.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 2.65 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RTX in the coming trading sessions, be sure to utilize Zacks.com.