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RTX (RTX) Reports Q2 Earnings: What Key Metrics Have to Say
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RTX (RTX - Free Report) reported $19.72 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.7%. EPS of $1.41 for the same period compares to $1.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $19.31 billion, representing a surprise of +2.15%. The company delivered an EPS surprise of +9.30%, with the consensus EPS estimate being $1.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
Adjusted Net Sales- Collins Aerospace: $7 billion compared to the $6.89 billion average estimate based on three analysts.
Adjusted Net Sales- Pratt & Whitney: $6.80 billion compared to the $6.42 billion average estimate based on three analysts.
Net Sales- Raytheon: $6.51 billion versus the three-analyst average estimate of $6.51 billion.
Adjusted Net Sales- Eliminations & Other: -$591 million versus -$537.50 million estimated by two analysts on average.
Operating Profit- Collins Aerospace- Adjusted: $1.15 billion versus the three-analyst average estimate of $1.10 billion.
Operating Profit- Raytheon- Adjusted: $709 million versus the three-analyst average estimate of $619.97 million.
Operating Profit- Pratt & Whitney- Adjusted: $537 million versus $479.02 million estimated by three analysts on average.
Operating Profit- Corporate expenses and other unallocated items- Adjusted: -$7 million versus -$53.67 million estimated by three analysts on average.
Operating Profit- Eliminations and Other- Adjusted: -$36 million versus the three-analyst average estimate of -$26.75 million.
Shares of RTX have returned +3.5% over the past month versus the Zacks S&P 500 composite's -0.3% 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) Reports Q2 Earnings: What Key Metrics Have to Say
RTX (RTX - Free Report) reported $19.72 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.7%. EPS of $1.41 for the same period compares to $1.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $19.31 billion, representing a surprise of +2.15%. The company delivered an EPS surprise of +9.30%, with the consensus EPS estimate being $1.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
- Adjusted Net Sales- Collins Aerospace: $7 billion compared to the $6.89 billion average estimate based on three analysts.
- Adjusted Net Sales- Pratt & Whitney: $6.80 billion compared to the $6.42 billion average estimate based on three analysts.
- Net Sales- Raytheon: $6.51 billion versus the three-analyst average estimate of $6.51 billion.
- Adjusted Net Sales- Eliminations & Other: -$591 million versus -$537.50 million estimated by two analysts on average.
- Operating Profit- Collins Aerospace- Adjusted: $1.15 billion versus the three-analyst average estimate of $1.10 billion.
- Operating Profit- Raytheon- Adjusted: $709 million versus the three-analyst average estimate of $619.97 million.
- Operating Profit- Pratt & Whitney- Adjusted: $537 million versus $479.02 million estimated by three analysts on average.
- Operating Profit- Corporate expenses and other unallocated items- Adjusted: -$7 million versus -$53.67 million estimated by three analysts on average.
- Operating Profit- Eliminations and Other- Adjusted: -$36 million versus the three-analyst average estimate of -$26.75 million.
View all Key Company Metrics for RTX here>>>Shares of RTX have returned +3.5% over the past month versus the Zacks S&P 500 composite's -0.3% 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.