Raytheon Company is the world’s largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Currently, Raytheon has a Zacks Rank #1 (Strong Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.
Raytheon delivered positive earnings surprise in the last four quarters with an average beat of 6.50%.
The key takeaways from this immediate announcement are highlighted below:
Earnings: Raytheon beat on earnings expectations in the fourth quarter. Our consensus called for EPS of $2.02, and the company reported adjusted EPS of $2.03.
Revenue: The company however missed revenue expectations. Raytheon posted revenues of $6,783 million, compared to our consensus estimate of $6,834 million.
Key Stats to Note: Bookings rose 11.8% year over year during the quarter to $8.6 billion. Backlog at the end of 2017 was $38.2 billion, up from $36.7 billion at 2016-end.
Stock Price: In the pre-market trading session, Raytheon’s shares gained 3.5% thereby reflecting investors’ optimism for its fourth-quarter results.
Check back later for our full write up on this Raytheon earnings report later!
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Raytheon (RTN) Tops Q4 Earnings, Misses Revenues Estimate
Raytheon Company is the world’s largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Currently, Raytheon has a Zacks Rank #1 (Strong Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.
Raytheon delivered positive earnings surprise in the last four quarters with an average beat of 6.50%.
The key takeaways from this immediate announcement are highlighted below:
Earnings: Raytheon beat on earnings expectations in the fourth quarter. Our consensus called for EPS of $2.02, and the company reported adjusted EPS of $2.03.
Revenue: The company however missed revenue expectations. Raytheon posted revenues of $6,783 million, compared to our consensus estimate of $6,834 million.
Raytheon Company Price and EPS Surprise
Raytheon Company Price and EPS Surprise | Raytheon Company Quote
Key Stats to Note: Bookings rose 11.8% year over year during the quarter to $8.6 billion. Backlog at the end of 2017 was $38.2 billion, up from $36.7 billion at 2016-end.
Stock Price: In the pre-market trading session, Raytheon’s shares gained 3.5% thereby reflecting investors’ optimism for its fourth-quarter results.
Check back later for our full write up on this Raytheon earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>