Textron Inc Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Textron Inc (NYSE:TXT) will unveil its latest earnings on Wednesday, July 20, 2011. Textron, Inc. 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 profit of 24 cents per share, a decline of 17.2% 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 29 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 24 cents during the last month. For the year, analysts are projecting net income of $1.12 per share, a rise of 38.3% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 10 cents per share versus a mean estimate of net income of 17 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 8 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.83 billion in revenue this quarter, a rise of 4.4% from the year ago quarter. Analysts are forecasting total revenue of $11.61 billion for the year, a rise of 10.4% from last year’s revenue of $10.52 billion.

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

Key Stats:

The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased 12.2% to $2.48 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 11.2%.

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 April 18, 2011 to July 14, 2011, the stock price had fallen $3.85 (-14.9%) from $25.76 to $21.91. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 5, 2011 when shares rose for seven-straight days, rising 4.4% (+$1.19) 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. Shares are down $1.69 (-7.2%) year to date.

(Source: Xignite Financials)

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