Textron, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Textron, Inc. (NYSE:TXT) will unveil its latest earnings on Wednesday, October 19, 2011. 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 profit of 31 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 29 cents. Between one and three months ago, the average estimate moved up. It has risen from 30 cents during the last month. Analysts are projecting profit to rise by 34.6% versus last year to $1.09.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 29 cents per share against a mean estimate of profit of 25 cents per share. In the first quarter, it missed forecasts by 7 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 15.3% in revenue from the year-earlier quarter to $2.86 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose 9.8% to $90 million (29 cents a share) from $82 million (27 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 0.7% to $2.73 billion from $2.71 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 12.2% in the first quarter from the year earlier 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 July 20, 2011 to October 13, 2011, the stock price had fallen $6.33 (-25.9%) from $24.40 to $18.07. 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 4.5% (+$1.20) 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 6.1% (-$1.53) over that span. Shares are down $5.50 (-23.3%) year to date.

(Source: Xignite Financials)

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