Textron Inc. (NYSE: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 are some causes of concern.
Textron Inc. Price and EPS Surprise
Earnings Surprise History
Textron reported positive earnings surprise of 4.84% in the third quarter of 2017. The company reported positive earnings surprise in two of the trailing four quarters with an average positive surprise of 1.47%.
Zacks Rank
Currently, Textron has a Zacks Rank #3 (Hold), but that could definitely change following Textron’s fourth-quarter 2017 earnings report, which has just released. You can see the complete list of today’s Zacks #1
(Strong Buy) Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Miss: Our consensus called for fourth quarter EPS of 77 cents, and the company reported adjusted EPS of 74 cents.
Revenue Miss: Textron posted revenues of $4.02 billion in fourth quarter, compared to our consensus estimate of $4.04 billion.
Key Developments to Note
Textron has provided its guidance for 2018. The company currently expects 2018 earnings per share from continuing operations in the range of $2.95 - $3.15 per share on revenues of $14.6 billion,.
Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.
Check back later for our full write up on this Textron earnings report later!
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Textron Inc. (TXT): Free Stock Analysis Report
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