We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Textron (TXT) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Analysts on Wall Street project that Textron (TXT - Free Report) will announce quarterly earnings of $1.47 per share in its forthcoming report, representing an increase of 5% year over year. Revenues are projected to reach $3.71 billion, increasing 8.1% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Textron metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Textron eAviation' will reach $9.33 million. The estimate indicates a change of +55.6% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Manufacturing- Bell' will reach $990.66 million. The estimate indicates a year-over-year change of +6.6%.
The combined assessment of analysts suggests that 'Revenues- Manufacturing- Textron systems' will likely reach $364.73 million. The estimate indicates a change of +21.2% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Manufacturing- Textron Aviation' at $1.56 billion. The estimate suggests a change of +16.7% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Finance' of $12.48 million. The estimate indicates a change of +4% from the prior-year quarter.
Analysts expect 'Revenues- Manufacturing' to come in at $3.69 billion. The estimate suggests a change of +8.2% year over year.
Based on the collective assessment of analysts, 'Revenues- Manufacturing- Industrial' should arrive at $766.29 million. The estimate indicates a year-over-year change of -8.8%.
Analysts forecast 'Segment Profit- Textron Aviation' to reach $196.50 million. Compared to the present estimate, the company reported $128.00 million in the same quarter last year.
The consensus estimate for 'Segment Profit- Bell' stands at $89.61 million. Compared to the present estimate, the company reported $98.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Segment Profit- Textron Systems' should come in at $41.21 million. Compared to the current estimate, the company reported $39.00 million in the same quarter of the previous year.
It is projected by analysts that the 'Segment Profit- Industrial' will reach $35.28 million. The estimate is in contrast to the year-ago figure of $32.00 million.
Analysts' assessment points toward 'Segment Profit- Manufacturing' reaching $346.17 million. Compared to the current estimate, the company reported $279.00 million in the same quarter of the previous year.
Shares of Textron have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #2 (Buy), TXT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Textron (TXT) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Analysts on Wall Street project that Textron (TXT - Free Report) will announce quarterly earnings of $1.47 per share in its forthcoming report, representing an increase of 5% year over year. Revenues are projected to reach $3.71 billion, increasing 8.1% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Textron metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Textron eAviation' will reach $9.33 million. The estimate indicates a change of +55.6% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Manufacturing- Bell' will reach $990.66 million. The estimate indicates a year-over-year change of +6.6%.
The combined assessment of analysts suggests that 'Revenues- Manufacturing- Textron systems' will likely reach $364.73 million. The estimate indicates a change of +21.2% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Manufacturing- Textron Aviation' at $1.56 billion. The estimate suggests a change of +16.7% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Finance' of $12.48 million. The estimate indicates a change of +4% from the prior-year quarter.
Analysts expect 'Revenues- Manufacturing' to come in at $3.69 billion. The estimate suggests a change of +8.2% year over year.
Based on the collective assessment of analysts, 'Revenues- Manufacturing- Industrial' should arrive at $766.29 million. The estimate indicates a year-over-year change of -8.8%.
Analysts forecast 'Segment Profit- Textron Aviation' to reach $196.50 million. Compared to the present estimate, the company reported $128.00 million in the same quarter last year.
The consensus estimate for 'Segment Profit- Bell' stands at $89.61 million. Compared to the present estimate, the company reported $98.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Segment Profit- Textron Systems' should come in at $41.21 million. Compared to the current estimate, the company reported $39.00 million in the same quarter of the previous year.
It is projected by analysts that the 'Segment Profit- Industrial' will reach $35.28 million. The estimate is in contrast to the year-ago figure of $32.00 million.
Analysts' assessment points toward 'Segment Profit- Manufacturing' reaching $346.17 million. Compared to the current estimate, the company reported $279.00 million in the same quarter of the previous year.
View all Key Company Metrics for Textron here>>>Shares of Textron have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #2 (Buy), TXT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .