Textron: The Share Price Hasn't Reached Cruising Altitude, Maintain Buy
Textron's Aviation and Bell segments achieved decent revenue growth, up by 10% and 13% YoY, respectively, despite ongoing supply chain delays. Nonetheless, revenue in the industrial segment fell by 11%, with profit dropping nearly 47% YoY in this segment. Weak demand in automotive and consumer goods is likely to persist. Key risks include reliance on US government contracts and ongoing development costs in the eAviation segment.
Are Investors Undervaluing Textron (TXT) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here's Why Textron (TXT) is a Strong Value Stock
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Textron Ships Its Beechcraft T-6C Trainer to Tunisian Air Force
TXT announces that it has shipped its Beechcraft T-6C Texan II Operational Flight Trainer to the Tunisian Air Force.
Why Textron (TXT) is a Top Value Stock for the Long-Term
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What's Next For Textron Stock After A 5% Fall In A Week?
Textron (NYSE: TXT) recently reported its Q2 results, with the top line aligning and the bottom-line exceeding our estimates. The company reported revenues of $3.5 billion and adjusted earnings of $1.54 per share, compared to our estimates of $3.5 billion and $1.48, respectively.
Textron close to buying Spirit Aero fuselage program for V-280 military aircraft, source says
Textron is close to acquiring the fuselage-making program for its V-280 military aircraft from Spirit AeroSystems , according to a source familiar with the matter, in the latest carve-out from Boeing's recent deal to acquire the Kansas-based supplier.
Textron's (TXT) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
Textron's (TXT) second-quarter earnings beat the Zacks Consensus Estimate by 3.4%. The company's 2024 earnings outlook remains the same.
Textron (TXT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Textron (TXT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Textron posts quarterly profit beat on business jet, helicopter demand
Textron beat Wall Street estimates for second-quarter profit on Thursday, on higher demand across its businesses that make private jets and military helicopters.
Textron (TXT) Q2 Earnings Top Estimates
Textron (TXT) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.46 per share a year ago.
What To Expect From Textron's Q2?
Textron stock (NYSE: TXT) will report its Q2 2024 results on Thursday, July 18. We expect TXT stock to trade sideways post-Q2, with its revenue and earnings expected to align with the street estimates.
