Textron (TXT) Beats on Q2 Earnings & Revenue Estimates
Textron Inc. TXT, the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.
However, global political uncertainties and intensifying competition causes of concern.
Earnings Surprise History
Textron has reported earnings surprise of 0.00% in the first quarter of 2017. The company reported negative earnings surprise in one of the last four quarters with an average negative surprise of 0.82%.
Zacks Rank
Currently, Textron has a Zacks Rank #2 (Buy), but that could definitely change following Textron’s second-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat: Our consensus called for second quarter EPS of 55 cents, and the company reported EPS of 60 cents.
Revenue Beat: Textron posted revenues of $3.60 billion in second quarter, compared to our consensus estimate of $3.59 billion.
Key Developments to Note
Textron reiterated its adjusted earnings guidance for 2017 in the range of $2.40 − $2.60 per share.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Textron Inc. Price and EPS Surprise
Textron Inc. Price and EPS Surprise | Textron Inc. Quote
Check back later for our full write up on this Textron earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Textron Inc. (TXT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
