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.
Johnson Controls (JCI) Q4 Earnings Beats Estimates
Read MoreHide Full Article
Johnson Controls International plc (JCI - Free Report) is a supplier of automotive interiors, batteries, and other control equipment. The company is focused on a comprehensive cost saving program along with improving productivity. The company is gaining from its market expansion in China. It anticipates significant growth opportunities in the nation. In addition, Johnson Controls will benefit from the acquisitions and mergers that it undertakes to provide customers with world-class technologies through strong complementary brands and channels.
However, the divestiture of several businesses has been weighing on the Johnson Controls’ revenues. Negative foreign currency translation has also been affecting the company’s results. Due to these factors, investors have been eagerly awaiting Johnson Controls’ latest earnings report.
Estimate Trend & Surprise History
Investors should note that the fourth-quarter (ended Sep 30, 2016) earnings estimate for Johnson Controls has been falling over the past month.
Johnson Controls has a mostly positive history of earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and posted in-line results in the other 2, with a positive average beat of 1.03%.
Johnson Controls delivered adjusted earnings per share of $1.21 in the fourth quarter of fiscal 2016, beating the Zacks Consensus Estimate of $1.02. Adjusted earnings also increased 16% year over year.
Revenues Beat Estimates
Johnson Controls reported revenues of $10.2 billion, up from $8.7 billion in the prior-year quarter. Revenues also surpassed the Zacks Consensus Estimate of $10.06 billion.
Key Stats/Developments to Note
For fiscal 2016, Johnson Controls reported revenues of $37.7 billion and adjusted EPS of $3.98.
Johnson Controls’ shares have been rising in pre-market trading following the release. Clearly, the initial reaction to the results is positive.
Check back later for our full write up on Johnson Controls’ earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Johnson Controls (JCI) Q4 Earnings Beats Estimates
Johnson Controls International plc (JCI - Free Report) is a supplier of automotive interiors, batteries, and other control equipment. The company is focused on a comprehensive cost saving program along with improving productivity. The company is gaining from its market expansion in China. It anticipates significant growth opportunities in the nation. In addition, Johnson Controls will benefit from the acquisitions and mergers that it undertakes to provide customers with world-class technologies through strong complementary brands and channels.
However, the divestiture of several businesses has been weighing on the Johnson Controls’ revenues. Negative foreign currency translation has also been affecting the company’s results. Due to these factors, investors have been eagerly awaiting Johnson Controls’ latest earnings report.
Estimate Trend & Surprise History
Investors should note that the fourth-quarter (ended Sep 30, 2016) earnings estimate for Johnson Controls has been falling over the past month.
Johnson Controls has a mostly positive history of earnings surprises. It has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and posted in-line results in the other 2, with a positive average beat of 1.03%.
JOHNSON CONTRLS Price and EPS Surprise
JOHNSON CONTRLS Price and EPS Surprise | JOHNSON CONTRLS Quote
Earnings Top Estimates
Johnson Controls delivered adjusted earnings per share of $1.21 in the fourth quarter of fiscal 2016, beating the Zacks Consensus Estimate of $1.02. Adjusted earnings also increased 16% year over year.
Revenues Beat Estimates
Johnson Controls reported revenues of $10.2 billion, up from $8.7 billion in the prior-year quarter. Revenues also surpassed the Zacks Consensus Estimate of $10.06 billion.
Key Stats/Developments to Note
For fiscal 2016, Johnson Controls reported revenues of $37.7 billion and adjusted EPS of $3.98.
Zacks Rank
Currently, Johnson Controls has a Zacks Rank #5 (Strong Sell), but that could change following its earnings report which has just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Johnson Controls’ shares have been rising in pre-market trading following the release. Clearly, the initial reaction to the results is positive.
Check back later for our full write up on Johnson Controls’ earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>