Textron(US:TXT) Zacks Investment Researchยท2024-04-22 14:22Core 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]