Will RTX (RTX) Beat Estimates Again in Its Next Earnings Report?

Core Insights - RTX is positioned to continue its earnings-beat streak, particularly in the aerospace and defense industry, with a historical average surprise of 9.12% over the past two quarters [1][3] Earnings Performance - For the most recent quarter, RTX reported earnings of $1.41 per share, exceeding the expected $1.29 per share, resulting in a surprise of 9.30% [2] - In the previous quarter, RTX's earnings were $1.34 per share against an expectation of $1.23 per share, leading to a surprise of 8.94% [2] Earnings Estimates and Predictions - RTX's earnings estimates have been trending higher, supported by its history of earnings surprises [3] - The stock currently has a positive Earnings ESP of +2.58%, indicating increased analyst optimism regarding its near-term earnings potential [6] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [6] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better achieve a positive surprise nearly 70% of the time [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] Upcoming Events - RTX's next earnings report is anticipated to be released on October 22, 2024 [6]