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Johnson Controls' (JCI) Q3 Earnings in Line, Up Y/Y
July 27, 2017

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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.

Estimate Trend & Surprise History

Investors should note that earnings estimate for Johnson Controls for third-quarter fiscal 2017 has declined over the past month. Johnson Controls has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of 5.59%.

Earnings

Johnson Controls delivered adjusted earnings per share of 71 cents in the third quarter of fiscal 2017, in line with the Zacks Consensus Estimate. Earnings per share rose 16% year over year from 61 cents recorded in the third quarter of fiscal 2016.

Revenues

Johnson Controls reported revenues of $7.68 billion, almost in line with the Zacks Consensus Estimate. Revenues were up 1% year over year.

Key Stats/Developments to Note

Johnson Controls guided fourth quarter 2017 adjusted EPS from continuing operations in the range of $0.86 to $0.88, an increase of 13–16% year-over-year.

Zacks Rank

Currently, Johnson Controls has a Zacks Rank #4 (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.

Check back later for our full write up on Johnson Controls’ earnings report!

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