Back to top

Image: Bigstock

Exploring Analyst Estimates for RTX (RTX) Q3 Earnings, Beyond Revenue and EPS

Read MoreHide Full Article

In its upcoming report, RTX (RTX - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.76 per share, reflecting an increase of 3.5% compared to the same period last year. Revenues are forecasted to be $23.84 billion, representing a year-over-year increase of 6.1%.

The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Given this perspective, it's time to examine the average forecasts of specific RTX metrics that are routinely monitored and predicted by Wall Street analysts.

Analysts predict that the 'Adjusted Net Sales- Collins Aerospace' will reach $8.06 billion. The estimate suggests a change of +5.7% year over year.

Analysts' assessment points toward 'Net Sales- Raytheon' reaching $7.67 billion. The estimate indicates a year-over-year change of +8.9%.

The consensus estimate for 'Adjusted Net Sales- Pratt & Whitney' stands at $8.96 billion. The estimate points to a change of +6.4% from the year-ago quarter.

The consensus among analysts is that 'Operating Profit- Collins Aerospace- Adjusted' will reach $1.37 billion. The estimate is in contrast to the year-ago figure of $1.19 billion.

It is projected by analysts that the 'Operating Profit- Raytheon- Adjusted' will reach $950.81 million. The estimate is in contrast to the year-ago figure of $859.00 million.

Analysts forecast 'Operating Profit- Pratt & Whitney- Adjusted' to reach $760.55 million. The estimate is in contrast to the year-ago figure of $751.00 million.

View all Key Company Metrics for RTX here>>>

RTX shares have witnessed a change of -5.3% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #2 (Buy), RTX is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Published in