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.
Here's Why RTX (RTX) Fell More Than Broader Market
Read MoreHide Full Article
RTX (RTX - Free Report) ended the recent trading session at $179.93, demonstrating a -1.2% change from the preceding day's closing price. This change lagged the S&P 500's 0.24% loss on the day. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq added 0.23%.
The an aerospace and defense company's stock has climbed by 3.69% in the past month, exceeding the Aerospace sector's gain of 1.84% and the S&P 500's gain of 1.31%.
Investors will be eagerly watching for the performance of RTX in its upcoming earnings disclosure. In that report, analysts expect RTX to post earnings of $1.45 per share. This would mark a year-over-year decline of 5.84%. At the same time, our most recent consensus estimate is projecting a revenue of $22.74 billion, reflecting a 5.18% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.19 per share and revenue of $87.11 billion. These totals would mark changes of +8.03% and +7.89%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for RTX. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.13% higher. As of now, RTX holds a Zacks Rank of #3 (Hold).
In the context of valuation, RTX is at present trading with a Forward P/E ratio of 29.42. This indicates a premium in contrast to its industry's Forward P/E of 27.09.
Meanwhile, RTX's PEG ratio is currently 2.88. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Aerospace - Defense industry stood at 2.1 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why RTX (RTX) Fell More Than Broader Market
RTX (RTX - Free Report) ended the recent trading session at $179.93, demonstrating a -1.2% change from the preceding day's closing price. This change lagged the S&P 500's 0.24% loss on the day. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq added 0.23%.
The an aerospace and defense company's stock has climbed by 3.69% in the past month, exceeding the Aerospace sector's gain of 1.84% and the S&P 500's gain of 1.31%.
Investors will be eagerly watching for the performance of RTX in its upcoming earnings disclosure. In that report, analysts expect RTX to post earnings of $1.45 per share. This would mark a year-over-year decline of 5.84%. At the same time, our most recent consensus estimate is projecting a revenue of $22.74 billion, reflecting a 5.18% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.19 per share and revenue of $87.11 billion. These totals would mark changes of +8.03% and +7.89%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for RTX. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.13% higher. As of now, RTX holds a Zacks Rank of #3 (Hold).
In the context of valuation, RTX is at present trading with a Forward P/E ratio of 29.42. This indicates a premium in contrast to its industry's Forward P/E of 27.09.
Meanwhile, RTX's PEG ratio is currently 2.88. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Aerospace - Defense industry stood at 2.1 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.