S&P 500 (NYSE:SPY) component Textron (NYSE:TXT) will unveil its latest earnings on Wednesday, October 17, 2012. Textron is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services.
Textron Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 51 cents per share, a rise of 13.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 49 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 51 cents during the last month. For the year, analysts are projecting profit of $2.09 per share, a rise of 59.5% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 14 cents, reporting net income of 58 cents per share against a mean estimate of profit of 44 cents per share.