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Textron (TXT) Meets Q1 Earnings Estimates, Revenues Miss
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Textron Inc. (TXT - Free Report) , the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.
However, global political uncertainties and intensifying competition causes of concern.
Earnings Surprise History
Textron has reported earnings surprise of 8.05% in the fourth quarter of 2016. The company reported positive earnings surprises in three of the last four quarters with an average positive surprise of 0.12%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Meet: Our consensus called for first quarter EPS of 46 cents, and the company also reported EPS of 46 cents. Revenue Miss: Textron posted revenues of $3.09 million in first quarter, compared to our consensus estimate of $3.17 billion. Key Developments to Note
Textron lowered its adjusted earnings guidance for 2017 in the range of $2.40 − $2.60 per share from $2.50 − $2.70 guided earlier.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Check back later for our full write up on this Textron earnings report later!
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Textron (TXT) Meets Q1 Earnings Estimates, Revenues Miss
Textron Inc. (TXT - Free Report) , the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.
However, global political uncertainties and intensifying competition causes of concern.
Earnings Surprise History
Textron has reported earnings surprise of 8.05% in the fourth quarter of 2016. The company reported positive earnings surprises in three of the last four quarters with an average positive surprise of 0.12%.
Zacks Rank
Currently, Textron has a Zacks Rank #3 (Hold), but that could definitely change following Textron’s first-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Meet: Our consensus called for first quarter EPS of 46 cents, and the company also reported EPS of 46 cents.
Revenue Miss: Textron posted revenues of $3.09 million in first quarter, compared to our consensus estimate of $3.17 billion.
Key Developments to Note
Textron lowered its adjusted earnings guidance for 2017 in the range of $2.40 − $2.60 per share from $2.50 − $2.70 guided earlier.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Textron Inc. Price and EPS Surprise
Textron Inc. Price and EPS Surprise | Textron Inc. Quote
Check back later for our full write up on this Textron earnings report later!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>