Textron's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Textron (NYSE:TXT) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with analysts predicting an EPS of $1.54. Investors are looking for an earnings beat and positive guidance for future growth. Textron's stock price has historically been influenced more by guidance than earnings beats or misses. In the last quarter, Textron beat the EPS estimate by $0.20 but saw a 1.01% decline in share price the following day.
January 23, 2024 | 3:01 pm
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Textron is anticipated to report quarterly earnings with an EPS of $1.54. Historical data shows guidance has a significant impact on stock price, with mixed reactions to past earnings beats.
While Textron is expected to report a solid EPS, historical trends indicate that the company's stock price may not necessarily rise following an earnings beat. The market's reaction to Textron's guidance will likely be a more significant driver of short-term stock performance. Given the mixed historical price changes, the short-term impact is neutral until the actual earnings and guidance are released.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100