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Earnings Preview for Textron

Benzinga Insights
·1 min read

On Thursday, July 30, Textron (NYSE: TXT) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Based on Textron management projections, analysts predict EPS of $-0.07 on revenue of $2.34 billion. Textron EPS in the same period a year ago totaled $0.930. Sales were $3.23 billion. The analyst consensus estimate would represent a 21.21% in sales from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q1 2020

Q4 2020

Q3 2019

Q2 2019

EPS Estimate

0.47

1.05

0.85

0.86

EPS Actual

0.35

1.11

0.95

0.93

Revenue Estimate

2.97 B

3.96 B

3.32 B

3.44 B

Revenue Actual

2.78 B

4.04 B

3.26 B

3.23 B

Stock Performance

Shares of Textron were trading at $34.2 as of July 29. Over the last 52-week period, shares are down 28.81%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

View more earnings on TXT

Don't be surprised to see the stock move on comments made during its conference call. Textron is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.textron.com%2Finvestors%2Fevents-and-presentations%2Fdefault.aspx&eventid=2386583&sessionid=1&key=A18121D7901018EC7B2335355036AB2C&regTag=&sourcepage=register

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