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Johnson Controls (JCI) Q4 Earnings in Line, Up Y/Y (Revised)

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Johnson Controls International plc (JCI - Free Report) provides building products and technology. It offers controls, fire, security, HVAC, power solutions and energy storage. The company serves institutions, commercial buildings, retail, industrial, small business and residential. Johnson Controls International plc, formerly known as Tyco International plc, is headquartered in Milwaukee, Wisconsin.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for earnings for fourth-quarter fiscal 2017 has remained unchanged over the past month. In third-quarter 2017, the company reported earnings of 87 cents per share, in line with the Zacks Consensus Estimate. Johnson Controls has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters and recorded in-line results in the other two occasions, with an average beat of 5.14%.

Earnings

Johnson Controls delivered adjusted earnings per share of 87 cents in the fourth quarter of fiscal 2017, in line with the Zacks Consensus Estimate. Earnings per share rose 14% year over year from 76 cents recorded in the fourth quarter of fiscal 2016.

Revenues

Johnson Controls reported revenues of $8.14 billion, almost in line with the Zacks Consensus Estimate. Revenues were up 4% year over year.

Key Stats/Developments to Note

Johnson Controls provided guidance for fiscal 2018. Fiscal 2018 adjusted EPS before special items is projected to be in the range of $2.75 to $2.85, an increase of 6–10% year-over-year.

Zacks Rank

Currently, Johnson Controls has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.


You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Johnson Controls’ earnings report!

(We are reissuing this article to correct a mistake. The original article, issued Thursday, November 9, 2017, should no longer be relied upon.)

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