Textron Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Textron, Inc. (NYSE:TXT) will unveil its latest earnings on Wednesday, January 25, 2012. Textron is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services.

Textron, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 34 cents per share, a rise of 3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 40 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 35 cents during the last month. Analysts are projecting profit to rise by 43.2% versus last year to $1.16.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 14 cents, reporting profit of 45 cents per share against a mean estimate of net income of 31 cents. In the second quarter, the company exceeded forecasts by 4 cents with profit of 29 cents versus a mean estimate of net income of 25 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 3.5% in revenue from the year-earlier quarter to $3.24 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, the company swung to a profit of $142 million (47 cents a share) from a loss of $48 million (17 cents) a year earlier, beating analyst estimates. Revenue rose 13.5% to $2.81 billion from $2.48 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 0.7% in the second quarter from the year earlier, climbed 12.2% in the first quarter from the year-ago quarter and 11.2% in the fourth quarter of the last fiscal year.

Competitors to Watch: The Boeing Company (NYSE:BA), General Electric Company (NYSE:GE), Embraer SA (NYSE:ERJ), 3M Company (NYSE:MMM), Spirit AeroSystems Hldgs., Inc. (NYSE:SPR), Honeywell Intl. Inc. (NYSE:HON), Tyco International Ltd. (NYSE:TYC), Carlisle Companies, Inc. (NYSE:CSL), United Technologies Corp. (NYSE:UTX), and Siemens AG (NYSE:SI).

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen $4.45 (25.9%) from $17.19 to $21.64. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 6, 2012 when shares rose for seven-straight days, rising 5.3% (+96 cents) over that span. It saw one of its worst periods between May 6, 2011 and May 17, 2011 when shares fell for eight-straight days, falling 6.2% (-$1.54) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com