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RTX (RTX) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest close session, RTX (RTX - Free Report) was down 1.69% at $194.82. This change lagged the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 1.38%, while the tech-heavy Nasdaq added 1.38%.
The stock of an aerospace and defense company has fallen by 3.3% in the past month, leading the Aerospace sector's loss of 8.81% and the S&P 500's loss of 5.69%.
Investors will be eagerly watching for the performance of RTX in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.51, marking a 2.72% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $21.42 billion, indicating a 5.48% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.81 per share and a revenue of $93.36 billion, indicating changes of +8.27% and +5.37%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for RTX. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, RTX possesses a Zacks Rank of #3 (Hold).
In terms of valuation, RTX is currently trading at a Forward P/E ratio of 29.1. This denotes a premium relative to the industry average Forward P/E of 23.75.
We can also see that RTX currently has a PEG ratio of 2.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Aerospace - Defense industry held an average PEG ratio of 2.02.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 91, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RTX in the coming trading sessions, be sure to utilize Zacks.com.
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RTX (RTX) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, RTX (RTX - Free Report) was down 1.69% at $194.82. This change lagged the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 1.38%, while the tech-heavy Nasdaq added 1.38%.
The stock of an aerospace and defense company has fallen by 3.3% in the past month, leading the Aerospace sector's loss of 8.81% and the S&P 500's loss of 5.69%.
Investors will be eagerly watching for the performance of RTX in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.51, marking a 2.72% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $21.42 billion, indicating a 5.48% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.81 per share and a revenue of $93.36 billion, indicating changes of +8.27% and +5.37%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for RTX. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, RTX possesses a Zacks Rank of #3 (Hold).
In terms of valuation, RTX is currently trading at a Forward P/E ratio of 29.1. This denotes a premium relative to the industry average Forward P/E of 23.75.
We can also see that RTX currently has a PEG ratio of 2.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Aerospace - Defense industry held an average PEG ratio of 2.02.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 91, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RTX in the coming trading sessions, be sure to utilize Zacks.com.