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RTX (RTX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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RTX (RTX - Free Report) reported $18.95 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 11.8%. EPS of $1.25 for the same period compares to $1.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $18.71 billion, representing a surprise of +1.30%. The company delivered an EPS surprise of +5.04%, with the consensus EPS estimate being $1.19.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how RTX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Collins Aerospace- Adjusted: $6.69 billion versus $6.30 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +31.1% change.
Net Sales- Raytheon- Adjusted: $6.47 billion compared to the $6.51 billion average estimate based on three analysts.
Net Sales- Eliminations and other- Adjusted: -$533 million versus -$499.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -36% change.
Net Sales- Pratt & Whitney- Adjusted: $6.33 billion versus the three-analyst average estimate of $6.01 billion. The reported number represents a year-over-year change of +17.6%.
Operating Profit- Eliminations and Other- Adjusted: -$39 million versus -$25.33 million estimated by three analysts on average.
Operating Profit- Collins Aerospace- Adjusted: $1.04 billion versus $938.52 million estimated by three analysts on average.
Operating Profit- Raytheon- Adjusted: $570 million compared to the $655.37 million average estimate based on three analysts.
Operating Profit- Corporate expenses and other unallocated items- Adjusted: -$31 million versus the three-analyst average estimate of -$46.67 million.
Operating Profit- Pratt & Whitney- Adjusted: $413 million versus the three-analyst average estimate of $284.39 million.
Operating Profit- Pratt & Whitney: -$2.48 billion versus -$2.72 billion estimated by two analysts on average.
Shares of RTX have returned +1.5% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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RTX (RTX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
RTX (RTX - Free Report) reported $18.95 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 11.8%. EPS of $1.25 for the same period compares to $1.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $18.71 billion, representing a surprise of +1.30%. The company delivered an EPS surprise of +5.04%, with the consensus EPS estimate being $1.19.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how RTX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Collins Aerospace- Adjusted: $6.69 billion versus $6.30 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +31.1% change.
- Net Sales- Raytheon- Adjusted: $6.47 billion compared to the $6.51 billion average estimate based on three analysts.
- Net Sales- Eliminations and other- Adjusted: -$533 million versus -$499.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -36% change.
- Net Sales- Pratt & Whitney- Adjusted: $6.33 billion versus the three-analyst average estimate of $6.01 billion. The reported number represents a year-over-year change of +17.6%.
- Operating Profit- Eliminations and Other- Adjusted: -$39 million versus -$25.33 million estimated by three analysts on average.
- Operating Profit- Collins Aerospace- Adjusted: $1.04 billion versus $938.52 million estimated by three analysts on average.
- Operating Profit- Raytheon- Adjusted: $570 million compared to the $655.37 million average estimate based on three analysts.
- Operating Profit- Corporate expenses and other unallocated items- Adjusted: -$31 million versus the three-analyst average estimate of -$46.67 million.
- Operating Profit- Pratt & Whitney- Adjusted: $413 million versus the three-analyst average estimate of $284.39 million.
- Operating Profit- Pratt & Whitney: -$2.48 billion versus -$2.72 billion estimated by two analysts on average.
View all Key Company Metrics for RTX here>>>Shares of RTX have returned +1.5% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.