Rockwell Collins Inc. (NYSE:COL) is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities.
However, dependence on international sales, a highly competitive market and high exposure to fixed-price contracts raise concerns. In September 2017, Rockwell Collins signed a definitive agreement with United Technologies Corp (NYSE:UTX). Per the deal, United Technologies will acquire Rockwell Collins for a total transaction value of $30 billion.
Rockwell Collins, Inc. Price and EPS Surprise
Rockwell Collins, Inc. Price and EPS Surprise | Rockwell Collins, Inc. Quote
Estimate Trend & Surprise History
Rockwell Collins’ fiscal first quarter 2018 estimate has remained stable over last 7 days and the consensus estimate stands at $1.53.
Talking about the earnings surprise, Rockwell Collins came out with positive earnings surprise in the last four earnings reports marking an average positive surprise of 2.61%.
The company currently has a Zacks Rank #3 (Hold). Going further things could definitely change given the company’s recently released earnings results.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings Beat: Rockwell Collins reported first-quarter fiscal 2018 adjusted earnings of $1.59 per share, which surpassed the Zacks Consensus Estimate of $1.53.
Revenue Beat: The company also surpassed the revenue expectations. Rockwell Collins posted revenues of $2,011 million for the first quarter, compared to our consensus estimate of $1,987.8 million.
Key Stats to Note: Rockwell Collins’ fiscal first quarter revenue grew 9% organically, on account of strong performance delivered by its Commercial Systems and Government Systems businesses. Tax reform benefitted its bottom line by 37 cents.
Check back later for our full write up on this Rockwell Collins earnings report later!
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Rockwell Collins, Inc. (COL): Free Stock Analysis Report
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