Raytheon Earnings Preview: Can This Streak Continue?

Raytheon (NYSE:RTN) will report earnings before markets open on Thursday, April 25th. Raytheon Company operates in defense, homeland security and other government markets. The Company provides electronics, mission systems integration in the areas of sensing, effects, command, control, communications and intelligence systems, and mission support services. Raytheon provides products and services worldwide.

Here is your Cheat Sheet to Raytheon Earnings:

Earnings Expectations: Analysts expect earnings of $1.28 per share on revenues of $5.70 billion. Currently, the company’s P/E ratio stands at 10.14.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.32 to a profit $1.29. For the current year, the average estimate is a profit of $5.32, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Raytheon has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 23,170 24,880 25,150 24,790 24,410
Diluted EPS ($) 3.92 4.89 4.88 5.28 5.65

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 6,422 5,938 5,992 6,045 6,439
Diluted EPS ($) 1.56 1.32 1.41 1.50 1.42

Past Performance:
Raytheon has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)