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RTX (RTX) Surpasses Market Returns: Some Facts Worth Knowing
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RTX (RTX - Free Report) closed at $187.25 in the latest trading session, marking a +2.1% move from the prior day. This change outpaced the S&P 500's 0.19% gain on the day. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the an aerospace and defense company had gained 7.06% lagged the Aerospace sector's gain of 8.09% and outpaced the S&P 500's gain of 0.54%.
The investment community will be paying close attention to the earnings performance of RTX in its upcoming release. On that day, RTX is projected to report earnings of $1.45 per share, which would represent a year-over-year decline of 5.84%. Our most recent consensus estimate is calling for quarterly revenue of $22.74 billion, up 5.18% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.19 per share and revenue of $87.07 billion, which would represent changes of +8.03% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for RTX. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. RTX presently features a Zacks Rank of #3 (Hold).
Investors should also note RTX's current valuation metrics, including its Forward P/E ratio of 27.28. This denotes a premium relative to the industry average Forward P/E of 21.17.
It's also important to note that RTX currently trades at a PEG ratio of 2.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.67.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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RTX (RTX) Surpasses Market Returns: Some Facts Worth Knowing
RTX (RTX - Free Report) closed at $187.25 in the latest trading session, marking a +2.1% move from the prior day. This change outpaced the S&P 500's 0.19% gain on the day. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the an aerospace and defense company had gained 7.06% lagged the Aerospace sector's gain of 8.09% and outpaced the S&P 500's gain of 0.54%.
The investment community will be paying close attention to the earnings performance of RTX in its upcoming release. On that day, RTX is projected to report earnings of $1.45 per share, which would represent a year-over-year decline of 5.84%. Our most recent consensus estimate is calling for quarterly revenue of $22.74 billion, up 5.18% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.19 per share and revenue of $87.07 billion, which would represent changes of +8.03% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for RTX. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. RTX presently features a Zacks Rank of #3 (Hold).
Investors should also note RTX's current valuation metrics, including its Forward P/E ratio of 27.28. This denotes a premium relative to the industry average Forward P/E of 21.17.
It's also important to note that RTX currently trades at a PEG ratio of 2.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.67.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.