RTX Reaffirms FY24 Outlook: Revenue $78B-$79B Vs. $78.78B Estimate, Adjusted EPS of $5.25 - $5.40 Vs. $5.39 Estimate
Portfolio Pulse from Benzinga Newsdesk
RTX has reaffirmed its financial outlook for FY24, projecting revenues between $78 billion and $79 billion, which aligns closely with the $78.78 billion estimate. The company also expects its adjusted EPS to range from $5.25 to $5.40, nearly matching the $5.39 estimate, and anticipates a free cash flow of approximately $5.7 billion.
April 23, 2024 | 10:59 am
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RTX reaffirms its FY24 financial outlook with revenue projections of $78-$79 billion and adjusted EPS of $5.25-$5.40, closely aligning with analyst estimates. The company also expects a free cash flow of about $5.7 billion.
Reaffirming financial outlooks generally instills confidence in investors, indicating stability and predictability in RTX's financial performance. The close alignment with analyst estimates suggests that RTX is on track to meet expectations, which could positively influence investor sentiment and potentially lead to a short-term uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100