Core Viewpoint - Wall Street analysts anticipate Textron (TXT) to report quarterly earnings of $1.28 per share, reflecting a year-over-year increase of 21.9%, with revenues expected to reach $3.37 billion, up 11.4% from the previous year [1] Revenue Estimates - Analysts project 'Revenues- Textron eAviation' at $10.00 million, indicating a significant increase of 150% from the prior-year quarter [2] - 'Revenues- Manufacturing- Bell' is expected to reach $764.43 million, representing a year-over-year change of 23.1% [2] - 'Revenues- Manufacturing- Textron systems' is forecasted to be $312.91 million, showing a 2.3% increase year over year [2] - 'Revenues- Manufacturing- Textron Aviation' is estimated at $1.29 billion, reflecting a 12.1% year-over-year change [3] - 'Revenues- Finance' is projected to be $10.91 million, indicating a decline of 9.1% from the prior-year quarter [3] - The consensus estimate for 'Revenues- Manufacturing' stands at $3.30 billion, showing a 9.6% increase from the previous year [3] - 'Revenues- Manufacturing- Industrial' is expected to reach $925.72 million, indicating a slight decline of 0.7% year over year [3] Segment Profit Estimates - 'Segment Profit- Textron Aviation' is expected to be $146.12 million, up from $125 million in the previous year [3] - 'Segment Profit- Bell' is projected at $75.68 million, compared to $60 million a year ago [3] - 'Segment Profit- Textron Systems' is estimated to be $35.45 million, slightly up from $34 million in the prior year [4] - 'Segment Profit- Industrial' is expected to reach $55.66 million, compared to $41 million a year ago [4] - 'Segment Profit- Manufacturing' is projected at $298.16 million, up from $251 million in the previous year [4] Stock Performance - Textron shares have decreased by 2.7% over the past month, while the Zacks S&P 500 composite has declined by 4% [4] - With a Zacks Rank 2 (Buy), Textron is expected to outperform the overall market in the near term [4]

Textron Inc. (TXT) recently announced that a handful of upgraded aircraft from its Cessna fleet of jets have entered into service following their first delivery.  These aircraft are the Cessna Skyhawk, Cessna Skylane, Turbo Skylane and Turbo Stationair.  These should enhance TXT’s position in the expanding commercial aircraft market.With this latest upgrade, Textron aims at offering its commercial customers a fleet of jets that have a modern and appealing tone like that of the newest Cessna Citation jets wh ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...

Textron (TXT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of Cessna small planes and Bell helicopters have returned -1%, compared to the Zacks S&P 500 composite's -1.1% change. During this period, the Zacks Aerospace - Defense industry, which Textron falls in, has lost 7.2%. The key question now is: What could be the stock's future d ...

Textron (TXT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of Cessna small planes and Bell helicopters have returned +3.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Aerospace - Defense industry, to which Textron belongs, has lost 6.8% over this period. Now the key question is: Where could the stock be headed in the near ter ...

The latest trading session saw Textron (TXT) ending at $96.31, denoting a -0.69% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Prior to today's trading, shares of the maker of Cessna small planes and Bell helicopters had gained 5.63% over the past month. This has outpaced the Aerospace sector's loss of 3.76% and the S&P 500's gain of 1.65% in that time.Market participant ...

Core Viewpoint - Textron (TXT) has shown strong stock performance, with a 5.6% increase over the past month and a 20.6% gain since the start of the year, outperforming the Zacks Aerospace sector and the Aerospace-Defense industry [1] Financial Performance - Textron reported EPS of $1.6 in its last earnings report, exceeding the consensus estimate of $1.53, although it missed the revenue estimate by 0.65% [2] - For the current fiscal year, Textron is projected to achieve earnings of $6.27 per share on revenues of $14.64 billion, reflecting a 12.16% increase in EPS and a 6.99% increase in revenues [2] - The next fiscal year forecasts earnings of $6.95 per share on $15.6 billion in revenues, indicating a year-over-year change of 10.85% in EPS and 6.59% in revenues [2] Valuation Metrics - Textron's stock trades at 15.5X current fiscal year EPS estimates, below the peer industry average of 18.5X, and at 12.5X trailing cash flow compared to the peer group's average of 12.9X [4] - The stock has a PEG ratio of 1.53, which does not place it among the top echelon of stocks from a value perspective [4] Zacks Rank - Textron holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, making it a suitable choice for investors looking for stocks with strong potential [5] Industry Comparison - Leidos Holdings, Inc. (LDOS) is a notable peer with a Zacks Rank of 2 (Buy) and similar value and growth scores, indicating a competitive position within the industry [6] - The Aerospace-Defense industry is performing well, ranking in the top 40% of all industries, suggesting favorable conditions for both Textron and its peers [6]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Textron (TXT) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.When looking at the last two reports, this maker of Cessna small planes and Bell helicopters has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.95%, on average, in the last two quarters.For t ...

Group 1 - Textron (TXT) has a year-to-date return of 17.3%, significantly outperforming the average return of 0.2% for Aerospace companies [2][3] - The Zacks Consensus Estimate for Textron's full-year earnings has increased by 8% over the past quarter, indicating improving analyst sentiment [2] - Textron holds a Zacks Rank of 2 (Buy), suggesting a positive earnings outlook [1][2] Group 2 - Textron is part of the Aerospace - Defense industry, which has an average year-to-date loss of 2.6%, further highlighting Textron's strong performance [3] - VirTra, Inc. (VTSI) is another Aerospace stock that has outperformed the sector with a return of 58.6% this year [2][3] - The consensus EPS estimate for VirTra has increased by 22.9% over the past three months, and it also holds a Zacks Rank of 2 (Buy) [2]

Core Viewpoint - Textron Inc. (TXT) presents a strong investment opportunity in the Aerospace Defense sector, supported by a robust backlog and increasing earnings estimates [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for TXT's 2024 earnings per share (EPS) has risen by 8.66% to $6.27 per share over the past 60 days [2] - The total revenue estimate for Textron in 2024 is $14.64 billion, reflecting a year-over-year growth of 6.99% [2] - The company's earnings growth over the next three to five years is projected at 10.12%, with an average earnings surprise of 13.53% in the last four quarters [2] Return on Equity - Textron's return on equity (ROE) stands at 16.05%, significantly higher than the industry average of 10.51%, indicating more efficient use of funds compared to peers [3] Rising Backlog and Capital Expenditure - Textron's backlog reached $14 billion at the end of Q4 2023, with the Aviation segment contributing $7.2 billion, an increase of $782 million from the previous year [4] - The company plans a capital expenditure of $425 million for 2024, up 5.7% from $402 million in 2023 [4] Solvency and Liquidity Ratio - The times interest earned (TIE) ratio for Textron at the end of Q4 2023 was 15.1, indicating strong capability to meet interest obligations [5] - The current ratio was 1.92, suggesting the company can comfortably meet its short-term liabilities [5] Price Performance - Over the past three months, TXT shares have increased by 16.4%, contrasting with an average decline of 6.7% in the industry [6]