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RTX (RTX) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, RTX (RTX - Free Report) was down 3.62% at $185.60. The stock's change was less than the S&P 500's daily gain of 1.09%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
The stock of an aerospace and defense company has risen by 10.14% in the past month, lagging the Aerospace sector's gain of 10.21% and overreaching the S&P 500's gain of 0.29%.
Market participants will be closely following the financial results of RTX in its upcoming release. The company is predicted to post an EPS of $1.66, indicating a 6.41% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $22.89 billion, up 6.07% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.91 per share and a revenue of $93.68 billion, indicating changes of +9.86% and +5.73%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for RTX. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. Right now, RTX possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, RTX is holding a Forward P/E ratio of 27.86. This indicates a premium in contrast to its industry's Forward P/E of 26.73.
We can additionally observe that RTX currently boasts a PEG ratio of 2.73. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
View the Zacks #1 Rank List
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RTX (RTX) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, RTX (RTX - Free Report) was down 3.62% at $185.60. The stock's change was less than the S&P 500's daily gain of 1.09%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
The stock of an aerospace and defense company has risen by 10.14% in the past month, lagging the Aerospace sector's gain of 10.21% and overreaching the S&P 500's gain of 0.29%.
Market participants will be closely following the financial results of RTX in its upcoming release. The company is predicted to post an EPS of $1.66, indicating a 6.41% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $22.89 billion, up 6.07% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.91 per share and a revenue of $93.68 billion, indicating changes of +9.86% and +5.73%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for RTX. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. Right now, RTX possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, RTX is holding a Forward P/E ratio of 27.86. This indicates a premium in contrast to its industry's Forward P/E of 26.73.
We can additionally observe that RTX currently boasts a PEG ratio of 2.73. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense industry currently had an average PEG ratio of 1.58 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.