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RTX (RTX) Outperforms Broader Market: What You Need to Know
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In the latest trading session, RTX (RTX - Free Report) closed at $189.73, marking a +1.28% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.79%. On the other hand, the Dow registered a gain of 0.26%, and the technology-centric Nasdaq increased by 1.52%.
Coming into today, shares of the an aerospace and defense company had gained 7.41% in the past month. In that same time, the Aerospace sector lost 0.43%, while the S&P 500 lost 1.82%.
Analysts and investors alike will be keeping a close eye on the performance of RTX in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.66, indicating a 6.41% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $22.89 billion, reflecting a 6.07% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $93.91 billion. These totals would mark changes of +9.86% and +5.98%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for RTX. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.05% higher. Right now, RTX possesses a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that RTX has a Forward P/E ratio of 27.1 right now. This indicates a premium in contrast to its industry's Forward P/E of 23.23.
One should further note that RTX currently holds a PEG ratio of 2.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Aerospace - Defense industry stood at 1.5 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 105, putting it in the top 44% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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RTX (RTX) Outperforms Broader Market: What You Need to Know
In the latest trading session, RTX (RTX - Free Report) closed at $189.73, marking a +1.28% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.79%. On the other hand, the Dow registered a gain of 0.26%, and the technology-centric Nasdaq increased by 1.52%.
Coming into today, shares of the an aerospace and defense company had gained 7.41% in the past month. In that same time, the Aerospace sector lost 0.43%, while the S&P 500 lost 1.82%.
Analysts and investors alike will be keeping a close eye on the performance of RTX in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.66, indicating a 6.41% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $22.89 billion, reflecting a 6.07% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $93.91 billion. These totals would mark changes of +9.86% and +5.98%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for RTX. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.05% higher. Right now, RTX possesses a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that RTX has a Forward P/E ratio of 27.1 right now. This indicates a premium in contrast to its industry's Forward P/E of 23.23.
One should further note that RTX currently holds a PEG ratio of 2.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Aerospace - Defense industry stood at 1.5 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 105, putting it in the top 44% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.