Preview: Raytheon Technologies's Earnings
Portfolio Pulse from Benzinga Insights
Raytheon Technologies (NYSE:RTX) is scheduled to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.25. Investors are looking for an earnings beat and positive guidance for future growth. Historically, RTX's stock price has shown modest reactions to earnings beats or misses. The stock is currently trading at $85.53, down 13.56% over the last year. The upcoming earnings report could influence the stock's performance, especially if the company's financial results and guidance differ from market expectations.
January 22, 2024 | 4:01 pm
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Raytheon Technologies is anticipated to report an EPS of $1.25 in its upcoming earnings. Historical data shows minor stock price movements post-earnings, with a recent downtrend over the past year. Investors will focus on earnings results and forward guidance.
The expected EPS is in line with analyst estimates, and past performance indicates that the stock price does not fluctuate dramatically after earnings reports. However, the stock has been on a downtrend, which could mean that investors are sensitive to any deviations from expectations. The importance is high as earnings reports are critical for investors, but the confidence is not at the maximum because market reactions can be unpredictable.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100