In the latest trading session, Raytheon closed at $183.25, marking a +1.48% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.06%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 1.72%.
Coming into today, shares of the defense contractor had lost 6.49% in the past month. In that same time, the Aerospace sector lost 4.71%, while the S&P 500 lost 2.09%.
Investors will be hoping for strength from RTN as it approaches its next earnings release, which is expected to be January 24, 2019. The company is expected to report EPS of $2.82, up 38.92% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.48 billion, up 10.27% from the prior-year quarter.
RTN's full-year Zacks Consensus Estimates are calling for earnings of $10.10 per share and revenue of $27.17 billion. These results would represent year-over-year changes of +32.55% and +7.2%, respectively.
Any recent changes to analyst estimates for RTN should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.79% higher within the past month. RTN is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that RTN has a Forward P/E ratio of 17.88 right now. This represents a discount compared to its industry's average Forward P/E of 19.55.
Investors should also note that RTN has a PEG ratio of 1.35 right now. 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 Equipment was holding an average PEG ratio of 2.17 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 57, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Raytheon (RTN) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Raytheon closed at $183.25, marking a +1.48% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.06%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 1.72%.
Coming into today, shares of the defense contractor had lost 6.49% in the past month. In that same time, the Aerospace sector lost 4.71%, while the S&P 500 lost 2.09%.
Investors will be hoping for strength from RTN as it approaches its next earnings release, which is expected to be January 24, 2019. The company is expected to report EPS of $2.82, up 38.92% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.48 billion, up 10.27% from the prior-year quarter.
RTN's full-year Zacks Consensus Estimates are calling for earnings of $10.10 per share and revenue of $27.17 billion. These results would represent year-over-year changes of +32.55% and +7.2%, respectively.
Any recent changes to analyst estimates for RTN should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.79% higher within the past month. RTN is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that RTN has a Forward P/E ratio of 17.88 right now. This represents a discount compared to its industry's average Forward P/E of 19.55.
Investors should also note that RTN has a PEG ratio of 1.35 right now. 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 Equipment was holding an average PEG ratio of 2.17 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 57, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.