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Defense Stocks Reporting Q4 Earnings on Jan 25: BA, TXT, HXL
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Last week, Rockwell Collins reported better-than-expected earnings in first-quarter fiscal 2017, kick-starting the fourth-quarter 2016 earnings cycle for the defense sector. Sector behemoth Lockheed Martin Corp. (LMT - Free Report) is scheduled to post its fourth-quarter and full-year 2016 results today. Several other defense players are geared up to report their quarterly numbers this week.
As of Jan 20, 2017, 19.1% of the S&P 500 index reported their quarterly results, with 66.7% beating EPS estimates and 50.8% surpassing the revenue mark. In comparison, only 3.2% of the Aerospace and Defense sector released their quarterly results, with 100% beating EPS estimates and none surpassing the revenue mark.
Total Q4 earnings from the Aerospace and Defense securities are expected to improve 18.6% year over year on 1.4% higher revenues. Meanwhile, earnings from the broader S&P 500 member cohort are expected to be up 4.8% year over year on 3.7% higher revenues. For more details on the quarterly releases, you can go through our Earnings Preview report.
Let’s take a look at three defense companies – The Boeing Company (BA - Free Report) , Textron Inc. (TXT - Free Report) and Hexcel Corporation (HXL - Free Report) – that are about to release their fourth-quarter 2016 results on Jan 25.
Boeing posted a positive earnings surprise of 33.97% in the preceding quarter.
However, our proven model does not conclusively show that Boeing is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Hexcel, another Zacks Rank #3 stock, posted a positive earnings surprise of 6.56% last quarter.
The company has an Earnings ESP of +0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 62 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stay tuned! Check later for our full write-up on earnings releases of these stocks.
Zacks' Top 10 Stocks for 2017
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Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
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Defense Stocks Reporting Q4 Earnings on Jan 25: BA, TXT, HXL
Last week, Rockwell Collins reported better-than-expected earnings in first-quarter fiscal 2017, kick-starting the fourth-quarter 2016 earnings cycle for the defense sector. Sector behemoth Lockheed Martin Corp. (LMT - Free Report) is scheduled to post its fourth-quarter and full-year 2016 results today. Several other defense players are geared up to report their quarterly numbers this week.
As of Jan 20, 2017, 19.1% of the S&P 500 index reported their quarterly results, with 66.7% beating EPS estimates and 50.8% surpassing the revenue mark. In comparison, only 3.2% of the Aerospace and Defense sector released their quarterly results, with 100% beating EPS estimates and none surpassing the revenue mark.
Total Q4 earnings from the Aerospace and Defense securities are expected to improve 18.6% year over year on 1.4% higher revenues. Meanwhile, earnings from the broader S&P 500 member cohort are expected to be up 4.8% year over year on 3.7% higher revenues. For more details on the quarterly releases, you can go through our Earnings Preview report.
Let’s take a look at three defense companies – The Boeing Company (BA - Free Report) , Textron Inc. (TXT - Free Report) and Hexcel Corporation (HXL - Free Report) – that are about to release their fourth-quarter 2016 results on Jan 25.
Boeing posted a positive earnings surprise of 33.97% in the preceding quarter.
However, our proven model does not conclusively show that Boeing is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Boeing carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. The company has an Earnings ESP of 0.00% because both the Most Accurate estimate and the Zacks Consensus Estimate stand at $2.34 (read more: Boeing to Report Q4 Earnings: Will the Stock Surprise?).
Boeing Company (The) Price and EPS Surprise
Boeing Company (The) Price and EPS Surprise | Boeing Company (The) Quote
Textron, a Zacks Rank #3 stock, posted an earnings surprise of 0.00% last quarter.
The company has an Earnings ESP of +0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 87 cents (read more: Is a Surprise in Store for Textron in Q4 Earnings?).
Textron Inc. Price and EPS Surprise
Textron Inc. Price and EPS Surprise | Textron Inc. Quote
Hexcel, another Zacks Rank #3 stock, posted a positive earnings surprise of 6.56% last quarter.
The company has an Earnings ESP of +0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 62 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Hexcel Corporation Price and EPS Surprise
Hexcel Corporation Price and EPS Surprise | Hexcel Corporation Quote
Stay tuned! Check later for our full write-up on earnings releases of these stocks.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>