RTX (RTX) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for RTX despite higher revenues, with a focus on how actual results will compare to estimates [1][2] Earnings Expectations - RTX is expected to report quarterly earnings of $1.42 per share, reflecting a -2.1% change year-over-year, while revenues are projected to be $21.48 billion, an increase of 6.9% from the previous year [3] - The earnings report is scheduled for October 21, and better-than-expected results could lead to a stock price increase, whereas missing estimates may result in a decline [2] Estimate Revisions - The consensus EPS estimate has been revised down by 0.31% over the last 30 days, indicating a reassessment by analysts [4] - A positive Earnings ESP of +1.53% suggests that analysts have recently become more optimistic about RTX's earnings prospects [12] Historical Performance - RTX has consistently beaten consensus EPS estimates, achieving a surprise of +7.59% in the last reported quarter [13][14] - Over the last four quarters, RTX has exceeded consensus EPS estimates each time [14] Predictive Models - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10] - A negative Earnings ESP does not necessarily indicate an earnings miss, but it complicates predictions of an earnings beat [11] Conclusion - RTX is positioned as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance beyond earnings results [15][17]