RTX Sees FY24 Adj. EPS $5.35-$5.45 Vs $6.06 Estimate
Portfolio Pulse from Benzinga Newsdesk
RTX Corporation has revised its FY24 adjusted EPS forecast to $5.35-$5.45, significantly below the previous estimate of $6.06.
July 25, 2024 | 10:45 am
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RTX Corporation has revised its FY24 adjusted EPS forecast to $5.35-$5.45, significantly below the previous estimate of $6.06. This downward revision may indicate potential challenges or lower-than-expected performance in the upcoming fiscal year.
The significant downward revision in the EPS forecast suggests that RTX may be facing challenges or lower-than-expected performance in the upcoming fiscal year. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100