Rockwell Collins Inc. (COL - Free Report) is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities.
However, dependence on international sales, a highly competitive market and high exposure to fixed-price contracts raise concerns.
Estimate Trend & Surprise History
Rockwell Collins’ current quarter estimate has remained stable over last 30 days and the consensus estimate stands at $1.31.
Talking about the earnings surprise, Rockwell Collins came out with positive earnings surprise in the last four earnings reports marking an average positive surprise of 2.07%.
The company currently has a Zacks Rank #3 (Hold). Going further things could definitely change given the company’s recently released earnings results.
You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings Beat: Rockwell Collins reported second-quarter fiscal 2017 adjusted earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.31 per share.
Revenue Beat: The company successfully beat the revenue expectations. Rockwell Collins posted revenues of $1,342 million for the first quarter, compared to our consensus estimate of $1,330 million.
Key Stats to Note: The company has raised its fiscal 2017 revenue guidance to the range of $6.7–$6.8 billion, compared to earlier projection range of $5.3 -$5.4 billion. It also provided adjusted earnings guidance in the range of $5.95–$6.15.
Check back later for our full write up on this Rockwell Collins earnings report later!
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