Johnson Controls Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Johnson Controls International plc (NYSE:JCI) is expected to report increased earnings for Q4 fiscal 2023, with estimates of $1.09 per share compared to $0.99 in the previous year. Revenue is also anticipated to rise to $7.09 billion from $6.72 billion. The company has declared a quarterly dividend of $0.37 per share. JCI's stock closed up 1.1% on Friday. Analysts from UBS, Citigroup, Morgan Stanley, RBC Capital, and Barclays have provided ratings and adjusted price targets for JCI, with varying degrees of accuracy.
December 11, 2023 | 11:10 am
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Johnson Controls is anticipated to report higher Q4 earnings and revenue, with a dividend declared. Analysts have revised price targets, indicating mixed expectations.
The positive earnings and revenue forecast for JCI, along with the dividend announcement, are likely to have a favorable impact on the stock price in the short term. However, the mixed analyst ratings and price target revisions indicate that there may be some concerns about the company's future growth prospects or market conditions, which could temper the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100