We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why RTX (RTX) Gained But Lagged the Market Today
Read MoreHide Full Article
RTX (RTX - Free Report) closed the latest trading day at $104.47, indicating a +0.23% change from the previous session's end. This change lagged the S&P 500's 0.77% gain on the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%.
Heading into today, shares of the an aerospace and defense company had gained 0.05% over the past month, outpacing the Aerospace sector's loss of 1.9% and lagging the S&P 500's gain of 3.71% in that time.
The investment community will be paying close attention to the earnings performance of RTX in its upcoming release. The company's earnings per share (EPS) are projected to be $1.30, reflecting a 0.78% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.31 billion, up 5.41% from the year-ago period.
RTX's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $79.04 billion. These results would represent year-over-year changes of +6.52% and +6.23%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for RTX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. RTX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, RTX currently has a Forward P/E ratio of 19.32. Its industry sports an average Forward P/E of 17.58, so one might conclude that RTX is trading at a premium comparatively.
We can additionally observe that RTX currently boasts a PEG ratio of 1.83. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Aerospace - Defense industry had an average PEG ratio of 1.75 as trading concluded yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why RTX (RTX) Gained But Lagged the Market Today
RTX (RTX - Free Report) closed the latest trading day at $104.47, indicating a +0.23% change from the previous session's end. This change lagged the S&P 500's 0.77% gain on the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%.
Heading into today, shares of the an aerospace and defense company had gained 0.05% over the past month, outpacing the Aerospace sector's loss of 1.9% and lagging the S&P 500's gain of 3.71% in that time.
The investment community will be paying close attention to the earnings performance of RTX in its upcoming release. The company's earnings per share (EPS) are projected to be $1.30, reflecting a 0.78% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.31 billion, up 5.41% from the year-ago period.
RTX's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $79.04 billion. These results would represent year-over-year changes of +6.52% and +6.23%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for RTX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. RTX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, RTX currently has a Forward P/E ratio of 19.32. Its industry sports an average Forward P/E of 17.58, so one might conclude that RTX is trading at a premium comparatively.
We can additionally observe that RTX currently boasts a PEG ratio of 1.83. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Aerospace - Defense industry had an average PEG ratio of 1.75 as trading concluded yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.